New textile policy 2016 will boost exports and manufacturing in india ?

The recently announced Rs 6,000 crore textiles package in india that boost textile segments exports or manufacturing and generate large employments says textile secretary Rashmi Verma. she says the Textile ministry will also focus lower excise duty on man made fibre and cotton fibre.

In now days , India has lost a dress material manufacturering and cloth garment business due to the other textile developing countries� like china, pakistan , bangladesh and taiwan. the new textile policy help to regain textile business ?