Business environment in FY23 remains challenging, says Arvind chairman Sanjay Lalbhai
The government's support moves as an increase in rates of incentives for the exports of readymade garments and dress materials from 2% to 4% and the National Technical Textiles Mission under which 100% FDI in the textile industry was allowed, along with the PLI scheme for textiles, are going to provide a stimulus to the industry.