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FDI in textile grew three times in last 2 years, has more potential: Irani

The man-made fibre sector can soon look forward to good news: Irani

Press Trust of India  |  New Delhi 

Smriti Irani
(Photo courtesy: Twitter/@smritiirani)

into the country's has gone up three times in the last one-and-a-half to two years, resonating the confidence of foreign investors in the industry, Union Minister said on Friday.

The textile minister asserted that the country's man-made can soon look forward to "good news" inter-ministerial group (IMG) has been formed to suggest measures to maximise its potential. However, she did not elaborate on the details.

"For the first time...there is an IMG on how to leverage our potential in MMF (man-made fibre), how to make rates competitive, and I think you will hear good very very soon," Irani said while participating in a discussion at the India Economic Summit.

The summit is organised by the in partnership with

First Published: Fri, October 06 2017. 13:56 IST