Demonetization: Textiles Ministry helps open 5 lakh bank accounts

The Textiles Ministry said it has helped open five lakh bank accounts for associated workers in the industry in three weeks in the wake of demonetization.

"In the wake of demonetization, the textile ministry has helped open five lakh bank accounts for associated workers in the industry in a period of three weeks. We are also ensuring that the workers are trained to digitally use their bank accounts," Textiles Minister Smriti Irani said.

She was speaking at the Apparel Export Promotion Council's (AEPC) award function.

Quoting Irani, AEPC said that to promote exports, there should an award for the best player in emerging market in the next season.

Industry should also head towards sustainable garments from an international perspective; and should look for innovation either in marketing or technology, she said.

The minister presented the awards comprising twenty one categories.

Garment sector accounted for more than 47% in the total textile exports from India. India exported worth of $10.96 billion garments during the April-November period of this fiscal.