India considering formulation of textiles policy: minister
22 Nov 19 1 min read
The Indian government is considering formulation of a National Textiles Policy in consultation with states, textiles minister Smriti Irani told parliament upper house on November 21 while replying to a question. Twelve new markets have been identified apart from the existing markets to boost opportunities in the textile export segment, she informed.
"We are also in the process of ensuring that the small exporters become mid-sized companies through interventions by various government ministries," the minister said.
Under the Amended Technology Upgradation Fund Scheme (ATUFS), 1,868 applications have been received from various industry partners who have said they have received an investment of ₹13,612 crore after the announcement of the ₹6,000-crore package, she informed the house.
The government has been diligently trying to follow up free trade agreement (FTA) possibilities with nations which for years were never signed, a news agency report quoted the minister as saying.
Under the comprehensive Integrated Skill Development Scheme (ISDS), a total of 11.14 lakh persons have been trained during fiscal 2010-11 to 2017-18 in various segment like textiles and apparel, jute, spinning, weaving, technical textiles, sericulture, handloom and handicrafts.
Disclaimer - All News/Articles items are subject to copyright and no article either in full or part may be reproduced in any form without permission from Fibre2Fashion Pvt. Ltd.
"We are also in the process of ensuring that the small exporters become mid-sized companies through interventions by various government ministries," the minister said.
Under the Amended Technology Upgradation Fund Scheme (ATUFS), 1,868 applications have been received from various industry partners who have said they have received an investment of ₹13,612 crore after the announcement of the ₹6,000-crore package, she informed the house.
The government has been diligently trying to follow up free trade agreement (FTA) possibilities with nations which for years were never signed, a news agency report quoted the minister as saying.
Under the comprehensive Integrated Skill Development Scheme (ISDS), a total of 11.14 lakh persons have been trained during fiscal 2010-11 to 2017-18 in various segment like textiles and apparel, jute, spinning, weaving, technical textiles, sericulture, handloom and handicrafts.
Fibre2Fashion News Desk (DS)
Popular News
|
Kenya’s big apparel export goals |
|
Cotton yarn market bearish in north India; prices down in Ludhiana |
|
UFLPA’s impact on US textile imports: A shift in global trade dynamics |
|
Textile sector faces economic strain as Middle East conflict escalates |
|
Small spaces dominate US retail leases in Q1 2024: JLL report |
|
Global cotton market witnesses steep decline in benchmark prices |