News & Insights

Time to Revamp the Textile Industry

Published: June 12, 2020
Author: munimji

Union Minister Smriti Irani in her statement said that the textile industry resettles itself in spite of depending on the financial packages offered by the government as the government is also undergoing the fiscal pressure due to coronavirus pandemic.

Now, it is time for a new direction and new thinking. The industry has the capability. If they reorient themselves, they would not require to depend,” Irani said in an interaction with members of Merchants’ Chamber of Commerce and Industry through a webinar.

Textile company JCT group in Punjab had sought support to ferry the samples of PPEs to a laboratory in Aurangabad for testing during the lockdown and the government had helped the firm for this, she said.

She told the members of the city-based industry body that “money you expect is public money and now citizens demand details of each penny (spent)”

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