Home / Knowledge / News / Textiles / Plan for rejuvenation of West Bengal textile industry
Plan for rejuvenation of West Bengal textile industry
21
Dec '12
Federation of Indian Chambers of Commerce and Industry (FICCI) has handed over a report focusing on redevelopment of West Bengal’s textile industry, while ensuring steady and comprehensive growth over the next 10 years, to the state Chief Minister Mamata Banerjee.
 
The report titled ‘Vision 2022-23’ deliberates on how the state can almost double its share in the national textiles industry from the existing 5.24 percent to 10 percent by 2022-23, and increase the annual turnover of the state’s textile industry from the current US$ 2.9 billion to US$ 21.5 billion, generating around 10 million jobs in the process.
 
Achieving the target would entail an annual growth rate of 17.2 percent and going by national yardstick, three-fourth of this growth would come from the unskilled and semi-skilled levels, the report said.
 
FICCI said West Bengal’s Textile Policy 2007-12 has not helped the state in exploring its actual potential in textiles and a long-term 'West Bengal's Textiles Policy 2022-23' is needed.
 
The federation stated that the state has a long standing tradition in textiles, but its textile sector is now facing stiff competition from other states like Gujarat, Haryana, Karnataka, Tamil Nadu, Rajasthan and Maharashtra. 
 
Of late, states like Gujarat, Tamil Nadu and Maharashtra have come out with new policies and have even extended key incentives for setting up textile industries in their states. To counter this and to attract good number of investors, the West Bengal government would also have to introduce attractive packages, it added.
 
The state has an ability to rejuvenate its textile sector and emerge as a key player in global textile value chain, FICCI said.
 
Handlooms, powerlooms, jute, silk and hosiery have traditionally remained the main sub-sectors of West Bengal’s textile industry, while readymade garments have also now gained some foothold in the sector.
 
As per the estimates, the textile sector of the state provides direct employment to over 1.5 million people.
 

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 7th Dec 2016

New Texprocil chairman bats for increased UPI adoption

Ujwal Lahoti, the new Cotton Textile Export Promotion Council...

RBI Governor Urjit Patel addressing a press conference. Courtesy: Youtube

Textiles | On 7th Dec 2016

Defying expectations, RBI keeps repo rate unchanged

Defying market expectations, the Monetary Policy Committee (MPC) of...

The new OJ 59/1 B. Courtesy: Karl Mayer

Textiles | On 7th Dec 2016

Karl Mayer unveils new LACE.EXPRESS model for apparel

Germany’s leading textile machinery firm, Karl Mayer, has launched a...

Interviews View All

Janak Dhamanwala & Sunil Dhamanwala
Jansun

Moving towards sustainability is also a social change

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
December 2016

December 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


Advanced Search