Textiles Ministry identifies 4,000 startups for export growth support

The Textiles Ministry has identified over 4,000 textile-based startups to receive support for export growth. This move aims to help these startups scale up and become export-ready within the next three to four years. The initiative is significant for the economy as it can boost India's textile exports, which are a major contributor to the country's foreign exchange earnings. This support could also create new job opportunities and stimulate growth in the sector.

Why it matters

The textiles ministry is supporting startups to scale up and become export-ready. This could lead to increased exports and growth for the Indian textile industry.

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