Sector Specific Report (Textile & Handicraft) l October 2021

Recently the Ministry of Textile has reviewed the Amended Technology Up-gradation Fund Scheme (ATUFS)  in an inter-ministerial meeting with different stakeholders such as other Ministries, Departments, Textile Industry Associations, and Bank, etc.  The review of the scheme is dedicated to augmenting the growth of the Indian textile industry through the promotion of ease of doing business, new opportunities of employment, and promotion of export. The vision will be achieved through the “Make in India” program of the Indian government with a “Zero effect and Zero Defect” vision in the manufacturing sector. The projection of the Indian textile and apparel industry growth scenario is as below: