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    Textile Exports to Double
  With the abolition of the quota system in developed nations and development subsidy of Rs, 942 crore (USD 214 million), the Federal Minister of State for Textiles E V K S Elangovan estimated that the textile exports will double in the next three years.
     
 

With the abolition of the quota system in developed nations and development subsidy of Rs, 942 crore (USD 214 million), the Federal Minister of State for Textiles E V K S Elangovan estimated that the textile exports will double in the next three years. With this development subsidy, many textile parks are being set up in Kumarapalayam, Erode, Palladam, Madurai, and Karur