Industry officials emphasized the need for a comprehensive, forward-thinking strategy to capitalize on global market opportunities for the textile and clothing sectors, which play a significant role in India's economy.
The sectors contribute Rs 30,000 crore in GST revenue and generate USD 44 billion in foreign exchange earnings, but have faced challenges in recent times, including structural issues related to raw materials, high production costs, and operational scale.
SIMA highlighted these concerns as obstacles to their continued growth and success.
