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Textiles key sector in India's new manufacturing policy
07
Apr '12
Mr. Ajay Shankar
Mr. Ajay Shankar
The Indian textile sector has been identified as a key-labour intensive industry in the National Manufacturing Policy. The new manufacturing policy came in to effect three months back and was being debated and discussed since the last 18 months.

The National Manufacturing Policy envisages precisely a 14 percent annual growth rate in the overall production sector for the next 10 years. Alongside it also envisions, generating 100 million manufacturing jobs in the same period.

“The textile industry is a labour-intensive industry which the policy has recognized as a focus area, Mr. Ajay Shankar, Member Secretary of the National Manufacturing Competitiveness Council (NMCC) told fibre2fashion.

He added, “We have a vision for its growth to take off the way we want it to take off so, we need to work together to address the short term problems which the industry is facing”.

“To ensure the growth rate is achieved under the circumstances, we need to first work out what is possible and then target those growth rates”, he revealed.

Providing details about the new policy, he said, “The National Manufacturing Policy aims strictly at success in manufacturing. It aims at precisely 14% growth rate for the next 10 years and create 100 million jobs in manufacturing sector.

“The policy constitutes a very comprehensive strategy and there are certain points which need to be addressed. One element which is very important is the skill mission so that there are enough people with employable skills, so that the availability of skilled manpower is ahead of the jobs in terms of demand rather than being behind them. With this view the skill mission has been launched.

“Another key element is that we must have industrial land available readily at feasible prices. This we will ensure in partnership with the state governments. The policy also envisages the creation of the National Industrial Manufacturing Zones which will be spread around an area of about 5,000 hectares.

“It will be developed as Industrial Manufacturing Zones and then there will be an entire ecosystem for manufacturing in these areas which is large enough and has world class infrastructure”, he concluded by informing.

Fibre2fashion News Desk - India

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