These Textile sector stocks gained up to 27.56 per cent in one week alone!

The textile sector stocks are in limelight lately with some positive announcements made by the government supporting the sector. The Textile Minister, Piyush Goyal,  announced that a production linked incentive scheme for technical textiles and man-made fibre segment was on cards even as the government is also working on a mega investment textiles parks scheme. 

The aim according to the Textile Minister is to get bring the textile exports to $100 billion at the earliest. At present the Indian textile exports stans at $33 billion. This would be a three-fold jump in exports if India were to achieve the exports target.  The GOI is also believed to be in talks with state governments to help businesses get land, power and other utilities at attractive rates to set up mega textile parks.

Following stocks from the textile sector jumped up to 27.56 per cent in one week alone: