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FDI in textile sector up 91% in 2013-14

Country had attracted foreign direct investment of $103.89 million during April-March, 2012-13

IANS  |  New Delhi 

Signalling a positive shift in investor sentiment in India's textile industry, the country attracted $198.86 million foreign capital in the sector during April-March 2013-14, up 91.41 percent.

The country had attracted foreign direct investment (FDI) of $103.89 million during April-March, 2012-13.

According to the Textiles Ministry, the inflow in the sector so far stood at $11.70 million during April-May, 2014-15.

"The government is implementing various schemes to ensure the maximum utilisation of in like technology upgradation fund scheme (TUFS), scheme for integrated textile parks (SITP), integrated skill development scheme (ISDS)," the ministry said.

Other government supported schemes for the sector include schemes for development of technical textiles and schemes for the development of the

The inflow stood at $164.19 million during April-March, 2011-12.

Major countries contributing to FDI inflows in the country include the United Arab Emirates (UAE), Switzerland, Singapore, Luxembourg, Japan, Hong Kong, Belgium and Australia.

First Published: Fri, August 15 2014. 16:52 IST
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