Government is planning to achieve the target of US$ 48.5 billion in current financial year by announcing the special package of Rs 6,000 crores which will boost the employment generation and export of textile and apparel.
It is estimated that China’s present share in global export of textiles and apparel will decrease from 40% to 33% by 2025. This will open an opportunity of more than US$ 150 billion for other exporting nations including India to increase its exports.