- The Ministry of Textiles has signed a Memorandum of Understanding (MoU) with the Indian Council for Research on International Economic Relations (ICRIER) to strengthen evidence-based policymaking in India’s textile and apparel sector.
- The partnership aims to support the Government’s efforts in developing data-driven and analytically robust policies for the textile and apparel industry.
- Under the agreement, ICRIER will provide technical and research support to the Ministry of Textiles.
- The collaboration will focus on:
- Strengthening textile-related data systems
- Conducting research and policy analysis
- Supporting evidence-based decision-making
- Improving data-driven policy formulation in the textile and apparel sector
Importance of the Textile Sector
India’s textile and apparel sector is one of the country’s most important industries. It contributes significantly to:
- Manufacturing output
- Employment generation
- Exports
- Economic growth
The sector also plays a crucial role in supporting MSMEs, rural livelihoods, and women employment across the country.
Expected Benefits
- The MoU is expected to help the government formulate more effective policies by using reliable research and updated data.
- It will also assist in identifying challenges, improving competitiveness, and enhancing the global position of India’s textile industry.
- The collaboration reflects the government’s emphasis on research-backed governance and strengthening the long-term growth of the textile and apparel sector.