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25Feb 2025
India’s Textile Industry Faces Challenges, Government Pushes Reforms
Why in the News? India’s textile industry is struggling due to declining exports, rising production costs, and competition from China. The government has introduced PLI schemes, mega textile parks, and import duty reductions to boost competitiveness. Focus on sustainability and innovation for long-term growth. Challenges Facing India’s Textile Industry: The Indian textile industry is struggling …
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