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  • Ministry Of Textiles, ICRIER Sign MoU For Textile Policy Research

Textile Policy Research received a major boost as the Ministry of Textiles (MoT), Government of India, and the Indian Council for Research on International Economic Relations (ICRIER) today formally entered into a Memorandum of Understanding (MoU) during a signing ceremony held at GPOA 3, Netaji Nagar, New Delhi. The agreement was signed by Sh. Akhilesh […]

Ministry of Textiles, ICRIER Sign MoU For Textile
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MonitorGovernment commits to data-driven textile policy, signaling future strategic shifts.

India Boosts Textile Policy Research for Data-Driven Growth

  • WHAT: The Ministry of Textiles and ICRIER signed an MoU to enhance data-driven policy formulation for India's T&A sector.
  • WHO: All segments of the Indian textile and apparel industry will be indirectly affected by future policy changes.
  • IMPACT: This partnership aims to improve policy formulation, potentially leading to more stable and growth-oriented trade and production conditions.
  • CONTEXT: This aligns with the government's broader strategy to leverage data and research for economic development and sector-specific competitiveness.
  • ACTION: Industry professionals should closely monitor upcoming policy announcements and research findings for strategic planning and adaptation.
Affects:ManufacturersExportersDistributorsRetailersWholesalersSpinners & Yarn ProducersWeavers & Fabric MillsGarment ManufacturersSourcing ManagersImportersRaw Material SuppliersDyers & ProcessorsBrand OwnersInvestorsPolicy Makers
Textile PolicyData AnalyticsGovernment InitiativesIndustry ResearchEconomic PolicyICRIER
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Textile Policy Research received a major boost as the Ministry of Textiles (MoT), Government of India, and the Indian Council for Research on International Economic Relations (ICRIER) today formally entered into a Memorandum of Understanding (MoU) during a signing ceremony held at GPOA 3, Netaji Nagar, New Delhi. The agreement was signed by Sh. Akhilesh Kumar, Deputy Director General (MoT), and Dr. Shekhar Aiyar, Director & Chief Executive (ICRIER).

The partnership underscores the Government’s commitment to formulating data-driven and analytically robust textile sector policies. This partnership aims to leverage ICRIER’s technical expertise to provide research support, textile data strengthening, data-driven analysis for policy formulation within India’s Textile & Apparel (T&A) sector, which remains a vital contributor to the nation’s manufacturing output, exports, and employment.

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