New Delhi, Feb. 17 -- Prime Minister Narendra Modi has called upon banks to increase credit accessibility for the textile industry to meet escalating domestic and international demand, while encouraging industry representatives to facilitate foreign investment opportunities in India's textile sector.

Addressing the Bharat Tex business summit, Modi highlighted industry feedback regarding unprecedented demand levels that currently exceed production capacity.

He noted that establishing a factory capable of employing 2,000 people requires an average investment of Rs 75-80 crore, emphasising the need for banks to be more responsive to the sector's financial requirements.

The Prime Minister's appeal comes at a strategic time when the textile...