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

Textiles | On 9th Dec 2016

Heimtextil to host 230 exhibitors from 28 countries

Close to 230 exhibitors from over 28 countries are expected to...

Courtesy: CLO Virtual Fashion

Information Technology | On 9th Dec 2016

CLO expands 3D simulation technology in Europe

CLO Virtual Fashion, developers of 3D garment visualisation...

Courtesy: India ITME

Textiles | On 8th Dec 2016

Industry needs to create 1cr jobs in 3yrs: Kavita Gupta

Sharing several initiatives laid out by the government in R&D,...

Interviews View All

Angelina Francesca Cheang
MY ANJE

'Consumers in the age-group 21 to 38 are driving the activewear trend'

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Veronique Lee
Modavanti

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Lynda Kelly
Suominen Corporation

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

Mark Paterson
Technical Absorbents Ltd

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

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

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