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12 industrial parks and textile projects announced

Minister of Commerce and Industry Piyush Goyal announced the government is establishing 12 new industrial parks nationwide and planning 5-6 mega textile parks.
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He encouraged businesses to pinpoint policy and compliance issues to ensure unstinted growth in Indian exports. He also offered to reduce compliance burdens and decriminalize business-facing laws.

Over the past decade, India’s GDP has doubled, Foreign Exchange Reserves have more than doubled, and the current account deficit has come down significantly, underscoring the economic prosperity and clout the country has created over the years, emerging as an economic superpower.

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