​​​
  1. FDI in textiles doubled to $619 million in 2016-17

FDI in textiles doubled to $619 million in 2016-17

Foreign direct investment (FDI) in textile sector more than doubled to USD 618.95 million during 2016-17 from USD 230.13 million in the previous fiscal, Parliament was informed today.

By: | New Delhi | Published: August 3, 2017 4:02 PM
Foreign direct investment (FDI) in textile sector more than doubled to 8.95 million during 2016-17 from 0.13 million in the previous fiscal, Parliament was informed today. Foreign direct investment (FDI) in textile sector more than doubled to 8.95 million during 2016-17 from 0.13 million in the previous fiscal, Parliament was informed today. (Representative Image Source: PTI)

Foreign direct investment (FDI) in textile sector more than doubled to $618.95 million during 2016-17 from $230.13 million in the previous fiscal, Parliament was informed today. In a written reply to Lok Sabha, Minister of State for Textiles Ajay Tamta said during the first two months of current fiscal, the sector received $21.41 million foreign inflows. He also said textile exports during 2016-17 too rose to $36 billion from $23.9 billion in the previous financial year.

In a separate reply, he said in rupee terms export of textiles and garments increased by 3.2 per cent in 2016-17. With a view to enhance investment, production and export of the textile industry, the government has launched a Rs 6,000-crore package for apparel and made-ups segments, he added.

Get live Stock Prices from BSE and NSE and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Go to Top