Home / Knowledge / News / Textiles / Vision projects textile exports to touch $300bn by 2024-25
Vision projects textile exports to touch $300bn by 2024-25
29
Jul '14
Shri Santosh Kumar Gangwar, Minister of State for Textiles (I/C) received the draft Vision, Strategy & Action Plan for Indian Textiles & Apparels presented by Shri Ajay Shankar, Chairman, Expert Committee & Member Secretary, National Manufacturing Competitiveness Council (NMCC). 
 
Keeping in view the various changes in the textile industry on the domestic and international fronts and the need for a road map for the textile & apparel industry, Ministry of Textiles had initiated the process of reviewing the National Textile Policy, 2000. Accordingly, an Expert Committee was constituted including leading industrialists from the textile sector to make fresh recommendations. The draft Vision, Strategy and Action Plan has been submitted by the Chairman after a detailed process of stakeholder consultations across the entire value chain. 
 
Considering the recommendations and feedback received during various consultation meetings, the Expert Committee identified basic concerns in textiles sector and identified the national priorities in the form of a Vision & Strategy and the Action Plan for attaining the targets set out in the Vision for exports, investment and employment by the year 2024-25. 
 
The Vision projects Indian textile and apparel exports to grow from US $ 39 billion at present to US $ 300 billion by the year 2024-25. This translates into additional investment required of the order of US $ 120 billion and in the process around 35 million additional job creation is expected to take place. The draft Vision, Strategy & Action Plan for Indian Textiles & Apparels (2024) will be put up on the website of Ministry of Textiles for inviting online comments/suggestions. It will also be discussed in the forthcoming meeting with State Textiles Ministers. 
 
The draft Vision, Strategy & Action Plan for Indian Textiles & Apparels (2024) shall remain open for comments till 18th August, 2014 after which feedback will be considered and a final Vision, Strategy & Action Plan would be finalised for seeking approval of Cabinet and adoption.
 

Ministry of Textiles


Must ReadView All

Indian govt relaxes cabotage rule for cotton transport

Textiles | On 25th May 2018

Indian govt relaxes cabotage rule for cotton transport

The Government of India has relaxed cabotage rules for transportation ...

Courtesy: Teejay Lanka

Textiles | On 25th May 2018

Teejay Lanka doubles production capacity at Indian mill

Teejay Lanka, one of Sri Lanka’s largest textile manufacturers, has...

Courtesy: Messe Frankfurt/Yarn Expo Autumn edition

Textiles | On 25th May 2018

Yarn Expo Autumn 2018 scheduled earlier

Over 500 exhibitors are expected at the Yarn Expo Autumn 2018, being...

Interviews View All

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Marazban F Velati
Sutlej Textiles & Industries limited

No training can be effective till the candidate believes in it.

Headhonchos
Textiles & allied industry

Textiles industry is always in the forefront in accepting latest technology

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

John Kelley

Textile Events is one of the largest textile fair in the United Kingdom,...

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Silke Brand-Kirsch
Schlegel und Partner

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

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Cigdem Akin
Cigdem Akin

She has carved a niche for herself as the national brand of Turkey. Her...

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

Leave your Comments


May 2018

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

news category


Related Categories:

Advanced Search