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What is Indian Textile Industry Insights 2024 about?

The Indian textile industry is a significant contributor to the economy, accounting for 2.3% of GDP and employing over 45 million people. Recent government initiatives, including 100% FDI and a substantial PLI scheme, aim to boost the sector, while companies like Raymond are focusing on expanding their product offerings and market presence. Despite challenges, there is a growing opportunity for Raymond to venture into man-made fibre products to align with global trends and capture new customer segments.

Author

Vijaya Teja

Language

EN