An inter-ministerial panel on the Indian textiles sector would be soon submitting an action plan to the Prime Minister’s Office (PMO) suggesting ways to address issues of labor and give an impetus to the exports, Textiles Minister K Sambasiva Rao has said.
Speaking to reporters during a Confederation of Indian Industry (CII) function, Mr Rao said that at the meeting of High-Level Committee on Manufacturing (HLCM), the Prime Minister asked the inter-ministerial textiles group to come up with possible solutions for the problems faced by the industry.
The Minister said the inter-ministerial group would soon submit its report to the PMO.
Mr Rao suggested that to make the Indian textiles sector competitive at the global level, the labor laws should be amended and credit should be made available to the sector at a reasonable price.
The HLCM meeting chaired by Prime Minister Manmohan Singh on July 9 decided on a slew of steps, including the ramping up of textile exports by 30 percent for this year.
At the HLCM, a decision was taken to set up an inter-ministerial group headed by Textiles Secretary Zohra Chatterji, to come up with competitive strategies for the sector.
The elements of the strategy discussed at the HLCM meeting included having ready availability of work space, having adequate and comfortable housing for workers, having more flexible work timings, leveraging textile clusters and obtaining the best technologies.
The aim of the strategy is to facilitate the rapid scaling of competitiveness of the garment segment of textile sector in the country through a comprehensive package of measures.
During 2012-13, India’s textiles exports stood at US$ 34 billion and the aim is to increase them by 30 percent to over US$ 44 billion in 2013-14.