Web Exclusive | October 2016
Rajasthan emerges as textile hub
Rajasthan has emerged as a pre-eminent hub for the domestic textile industry with a presence across the entire value addition chain from spinning to garments. About 30 MoUs worth Rs 8,500 crore were signed for the textile sector, of which 12 projects have started production while 12 projects are under construction and three projects are under various stages of clearance. Rajasthan has significant presence in the entire value addition chain and has emerged as a pre-eminent hub for the sector and the textile sector is one of the largest sources of employment generation and the youth and women are major beneficiaries of the job opportunities.
In June this year, the Centre had approved a special package for employment generation and export promotion in the textile sector. The package included a slew of measures which are labour friendly and would promote employment generation, economies of scale and boost exports. As many as 70 foreign buyers from 22 countries are participating in the event organised by the Rajasthan State Industrial Development and Investment Corporation ltd (RIICO) with Federation of Indian Chambers of Commerce and Industry (FICCI).