Aims to push exports & Create 35 million jobs

New National Textile Policy

GMT 10:22 2016 Tuesday ,23 February

Sriyadithatextile - New National Textile Policy

New National Textile Policy
Courtesy Google

The government may unveil the new national textile policy by April this year, Union Textiles Minister Santosh Gangwar said on Thursday.

The new policy aims to achieve $300 billion (nearly Rs 20.50 lakh crore) textile exports by 2024-25 and create an additional 35 million jobs.

The Ministry of Textiles tweeted Gangwar as saying:

 

"The long-awaited National Textile Policy is nearing finalisation and is likely to be issued before the end of April 2016," he told reporters at a seminar during the 'Make in India Week' in the city.

The minister said consultations with all stakeholders are in progress, confident that the policy will be released during the upcoming Budget 2016 session of Parliament.

It also seeks to address concerns related to skilled workforce, labour reforms, attracting investments in the textile sector and providing a future roadmap for the textiles and clothing industry.

Keeping in view various domestic and international developments in the textile industry and the need for a roadmap, the Ministry of Textiles had initiated the process of reviewing the National Textiles Policy, 2000.

Addressing the seminar, Gangwar said area specific schemes have been formulated for the entire textile value chain.

The government has also sharpened its focus on reducing transportation cost, which has come down by almost 25 to 40% for cotton seed.

He pointed out that the ministry has given approval to 24 new textile parks.

On Regional Trade Block Agreements such as Trans-Pacific Partnership (TPP), the minister said the government is working towards a Foreign Trade Agreement (FTA) with the European Union and holding discussions on the Regional Comprehensive Economic Partnership (RCEP).

The government is also in the middle of reviewing existing trade agreements such as Indo-ASEAN FTA and Indo-Korea Comprehensive Economic Partnership Agreement

Global Textile News

Seen rising 10 - 15%

2017-18 cotton production on higher acreage

google
Not withstanding crop damage due to floods in Gujarat, the largest cotton producing state, India’s cotton output in the forthcoming 2017-18 season starting October is…Read more

FESPA 2017 (German) press release

Colorjet Launching Tech Loaded Digital Textile Printer TXF with Japanese Technology at FESPA Hamburg 2017

FESPA
Colorjet Launching Tech Loaded Digital Textile Printer TXF with Japanese Technology at FESPA Hamburg 2017   TXF printer offers speeds of up to 24 sq.…Read more

Vietnam National Textile and Garment Group

City to host textile industry expo

google
HCM CITY — The Vietnam Saigon Textile and Garment Industry/Fabric and Garment Accessories Expo (Saigon Tex 2017) that will showcase high-end machinery and equipment and…Read more

#CottonIs-Cool

Smriti Irani’s cotton campaign trends on Twitter

google
A year after the hashtag 'IWearHandloom' trended on Twitter, Union Textile minister Smriti irani is back at it. On Tuesday, she tweeted a selfie in a cotton…Read more

Self-Employed Women's Association

"Empowering Women" in the Garment Industry

google
When you walk into the SEWA (Self-Employed Women's Association) Ruaab production centre in Sunder Nagri, Northeast Delhi, you will see between 10-15 women sitting cross-legged on…Read more

Revenue and its forecasts

Global Textile Dyes market 2017

google
Textile Dyes Market analyzed the Industry region, including the product price, profit, capacity, production, capacity utilization, supply, demand and industry growth rate etc. In the…Read more

 العرب اليوم -