Implement reforms for textile sector soon: Assocham
• NEW DELHI: Industry body Assocham has said reforms proposed for the Indian textile industry, battling rupee appreciation, should be implemented without further delay. The textile industry, braving various odds, would be able to attract investments of $55 billion, create job opportunities for 65.4 million and grow annually at 22% by 2010 if the reforms proposed for the sector are initiated at a faster pace, the chamber said in a release. In a study on Indian Textile: Weaving a Global Spin, the chamber said if current bottlenecks are not removed, investments in the sector could fall to $16 billion and only 19 million jobs would be created against the projections for 2010.