India, Sept. 15 -- By Vishu Adhana
New Delhi [India], September 15 (ANI): Despite tariff barriers imposed by the US, India's textile sector is poised for a "boom", sources in the Textile Ministry said, citing diversification of supply chains and the rationalisation of GST rates, which are expected to drive domestic consumption.
The ministry is stepping up efforts and boosting exports to European and Asian countries, with teams set to visit France, the UK, and Singapore in September to scout new markets and strengthen existing ones.
"We are not expecting a fall, but we are headed towards a boom in the textile industry. GST rationalisation, which is very pro-textiles, will have a huge impact on the domestic market," an official at the Te...
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