Indian govt to ready draft of new Textiles Policy in July

04 Jul '14

2 min read

The Ministry of Textiles, Government of India, would be finalizing the draft of the new National Textiles Policy this month itself, reports Business Line.

At present, the Ministry officials are discussing details and the draft would be ready in about 15-20 days time, Textiles Minister Santosh Gangwar told PTI.

The new Textiles Policy is expected to include a vision statement for the next decade to increase India’s share in global market. It would also address mechanization and modernization needs of the textile industry.

Under the new policy, the Textiles Ministry is expected to formulate a stable and neutral policy for fibre and raw materials, so as to benefit the entire textile value chain.

The existing National Textile Policy was framed in 2000, and since then India’s textile industry has undergone several changes. The new policy would address concerns related to availability of adequate skilled workforce, reforms in labour law, investments in the textile sector, and a roadmap for future development of the textile and garment industry.

According to the Business Line report, the new policy would include recommendations for development of skilled workforce, for creating world class infrastructure for Textile Parks, for developing and modernizing the powerloom and handloom sectors, for addressing environment concerns, and for assessing the credit requirements of the textile sector.

Fibre2fashion News Desk - India

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