Smriti Irani says Gujarat textile sector got Rs 30,000 cr in Modi rule, report released by her shows de-growth

While Union Textile Minister Smriti Irani on Sunday said that the textile sector in Gujarat received Rs 30,000 crore of investment since the BJP came to power at the Centre, under the leadership of Prime Minister Narendra Modi, a report released by her at the same event during the Vibrant Gujarat Global Summit here showed that the state registered a “de-growth” or negative growth in several segments of the textile sector in the last five years, between 2012 and 2017.
The knowledge report titled, “Gujarat: The growing engine for textile and apparel manufacturing”, which was released by Smriti Irani at a conclave on textile sector, stated the production of raw cotton in Gujarat declined at a compound annual growth rate (CAGR) of -0.5 per cent — from 1,581 million kg in 2012-13.
The ASSOCHAM report, a copy of which is with The Indian Express, also stated that Gujarat’s fabric production in the last five years have registered a de-growth at a CAGR of -2 per cent.
 

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