Indian Textiles sector recorded significant recovery in spite of the
global financial crisis, inflationary trends and volatility in
commodity prices, which led to build up of strong demand side
pressures, he said. ..Country’s cotton output in the current
crop year ending September 30 is forecasted to touch 29.2 million
bales, slightly up from the 29 million bales in the previous year. ..The Ministry of Textiles initiated policies for faster and inclusive growth and participatory development. ..The
objective was to maintain the incipient export growth momentum,
increasing production and productivity in cotton and cotton yarn,
enhancing value addition in garment and apparel sectors, promoting rich
heritage of handlooms and handicrafts, institutional strengthening in
jute sector, and enhanced acreages under mulberry production and
safeguarding employment opportunities”