The government is set to introduce new textile policy immediate after the Union Budget scheduled to be held on February 28, said Kiran Soni Gupta, Textile Commissioner.
She was inaugurating The Clothing Manufacturers Association of India (CMAI)'s 60th National Garment Fair, the two-day event in Mumbai on Wednesday.
She said that 13 textile parks are in various stages of consideration. The government has sanctioned 61 textile parks 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.
Subscribe to Business Standard Premium
Exclusive Stories, Curated Newsletters, 26 years of Archives, E-paper, and more!