India’s textiles sector needs to focus on MMF along with cotton; faces challenges: Economic Survey – ET Retail
New Delhi: India’s textiles sector faces several challenges despite possessing a complete value chain, said the Economic Survey 2024-25 on Friday, pointing out that the sector has attracted limited FDI, hindering technological advancements and leading to reliance on imported textile machinery. The dominance of MSMEs limits the textile sector’s scale and efficiency, while its fragmented…