| Date: |
29-01-2015 |
| Subject: |
New National Textiles policy will be unveiled after Union Budget |
NEW DELHI: The new National Textiles Policy, which aims to achieve $300 billion exports by 2024-25 and envisages creation of additional 35 million jobs, will be unveiled after the Union Budget.
Union textiles Minister Santosh Gangwar said that "let the budget come.. after that", when asked about the timeframe of the policy. The Budget 2015-16 is slated to be announced next month.
Keeping in view the various changes in the textile industry on the domestic and international fronts and the need for a road map for the textile & apparel industry, Ministry of Textiles had initiated the process of reviewing the National Textile Policy, 2000.
The draft of Vision, Strategy & Action Plan for Indian Textiles & Apparels (2024) was earlier put up on the website of Textiles Ministry for inviting online comments/suggestions.
The government is in the process of finalising it for seeking the Cabinet approval.
The new improved Textile Policy aims to address concerns of adequate skilled work force, labour reforms, attract investments in the textile sector, and to provide a future road map for the textile and clothing industry.
The Minister inaugurated the Tex-Trends India 2015 today at Pragati Maidan here. It features over 403 exhibitors and displays diverse range of products from the entire length and breadth of the country. Over 1,600 buyers and 117 buying agents have already registered for the Fair.
Tex-Trends showcases and leverages on "our strengths and complements our efforts to create India's garment & textiles from fiber to fashion. This edition covers Apparel, Fashion Jewellery and Accessories; Home Furnishing, Yarns, Threads & Fabrics, Silk, Synthetic, Rayon and Cotton textiles & Jute garments, etc," Apparel Export Promotion Council (AEPC) Chairman Virender Uppal said.
Source : economictimes.indiatimes.com
|