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Immense growth potential
▪ In September 2023, Shadowfax inaugurated a 1.5 lakh sq. ft. fulfilment center in Surat with 10 lakh orders per day processing capacity.
▪ The Indian textile industry is set for strong growth, buoyed by both strong domestic consumption as well as export demand.
▪ The textile and apparel industry is expected to grow to US$ 190 billion by FY26.
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Silk production
▪ The total amount of Raw Silk produced was 28,106 MT. A total of 44 R&D projects were started, and 23 of them were successfully completed.
9,777 people were trained in a variety of activities relating to the silk industry.
▪ The Central Silk Board sets a target for raw silk production and encourages farmers and private players to grow silk. To achieve these targets,
alliances with the private sector, especially agro-based industries in pre-cocoon and post-cocoon segments, are encouraged.
▪ The total raw silk production stood at 33,000 MT in FY21.
Source: News Articles
3
Bilateral relations
▪ In October 2021, the Ministry of Textiles and GIZ (Deutsche Gesellschaft fur Internationale Zusammenarbeit) signed an MoU to implement the
‘Indo German Technical Cooperation’ project. The project aims to increase the value addition from sustainable cotton production in the country.
▪ In March 2021, Pakistan approved reinstitution of cotton and sugar imports from India, indicating softening of bilateral relations.
▪ Industry bodies to host the largest global mega textiles event, Bharat Tex 2024 from February 26-29, 2024, in New Delhi. According to Union
Minister, Mr. Piyush Goyal, Bharat Tex 2024 Expo is a testament to India's commitment to becoming a global textile powerhouse.
4
Proposed FDI in multi-brand retail
▪ For the textile industry, the proposed hike in FDI limit in multi-brand retail will bring in more players, thereby providing more options to
consumers.
▪ It will also bring in greater investment along the entire value chain - from agricultural production to final manufactured goods.
▪ With global retail brands assured of a domestic foothold, outsourcing will also rise significantly
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Union Budget 2023-24
▪ Under the Union Budget 2023-24, the government has allocated:
▪ Rs. 4,389.24 crore (US$ 536.4 million) to the Ministry of Textiles.
o Rs. 900 crore (US$ 109.99 million) is for Amended Technology Upgradation Fund Scheme (ATUFS).
o Rs. 60 crore (US$ 7.33 million) for Integrated Processing Development Scheme.
o Rs. 450 crore (US$ 54.99 million) for National Technical Textiles Mission.
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Centers of Excellence (CoE) for research and technical training
▪ The CoEs are aimed at creating testing and evaluation facilities as well as developing resource centres and training facilities.
▪ Existing 4 CoEs, BTRA for Geotech, SITRA for Meditech, NITRA for Protech and SASMIRA for Agrotech, would be upgraded in terms of
development of incubation centres and support for the development of prototypes.
▪ Fund support would be provided for appointing experts to develop these facilities.
7
Foreign investments
▪ The Government is taking initiatives to attract foreign investment in the textile sector through promotional visits to countries such as
Japan, Germany, Italy and France.
▪ According to the new Draft of the National Textile Policy, the Government is planning to attract foreign investment and creating
employment opportunities for 35 million people.
▪ India can become the one-stop sourcing destination for companies from Association of Southeast Asian Nations (ASEAN) as there exist
several opportunities for textile manufacturing companies from 10-nation bloc to invest in India.

Please prepare  sumary in a para for each point with sentance rephase