Union Textile Minister Smriti Irani stated that India held a special place in global textile trade as the 2nd largest textile exporter in the world, with cotton yarn and fabric exports accounting for over 23 per cent of India’s total textiles and apparel exports. Furthermore, Irani emphasized that the Cotton Textiles Export Promotion Council (TEXPROCIL) should also look at propagating growth in the MSME sector, as a third of its members fall under the MSME category. “This has become more relevant in the light of the announcement made by the Prime Minister on November 2 for the MSME sector,” she said.