It is discovered that a noxious endeavour has been left upon to spread disinformation with respect to speculation in the Textile Sector gathered by the State of Gujarat since 2014-15.

The Office of the Textile Commissioner has re-affirmed that upon the perusal of project costs submitted by 7182 units in the state of Gujarat, an amount of Rs. 30,934 crores as an investment into the textile sector in Gujarat was brought to the notice of Textile Commissioner office after scrutinizing and confirming each project by Banks for which Unique Identification (UID) has been issued.

The Government of India sanctioned and released Rs. 1855 crores to aid 2109 units through 60 Banks.

This re-affirmation is to ensure that investor confidence and prospects of the textile sector in Gujarat do not receive a set-back due to rumour mongering.

– Apparel and Textile News, Apparel Talk, Indian Apparel