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New textile policy after Budget, says textile commissioner

About 13 textile parks are in various stages of consideration

BS Reporter  |  Mumbai 

The government is set to introduce immediate after the scheduled to be held on February 28, said Kiran Soni Gupta,

She was inaugurating The Association of India (CMAI)'s 60th National Garment Fair, the two-day event in Mumbai on Wednesday.

She said that 13 are in various stages of consideration. The government has sanctioned 61 of which 55 are operational.

Rahul Mehta, President of CMAI & Chairman of International Apparel Federation, estimated domestic garment growth rate between 10 and 12%; exports between 18 and 20% in 2014-15.