Interviews
Govt to promote growth of textile sector, says Prime Minister
18 Mar '08
4 min read
Stating that the challenge in the 11th Plan is to increase the skill base to make the sector competitive, the Prime Minister said that the National Skill Development Mission has already identified this as a thrust area. He emphasized the need of innovative responses to increase jobs in the country and the textile industry and suggested the idea of linking guaranteed employment for a certain number of days in a policy frame-work that can meet the genuine demands of the sector.
The Prime Minister stated that the textile sector has been a major pillar of our industrial economy for more than one reason but importantly because of its employment potential. He said "Our Government will come forward and address all your legitimate concerns as long as we can work together to generate more employment".
Referring about the rich traditions of Indian textiles and desire to become a great global leader in textiles, the Prime Minister said "we have to regain that glory and once again become, as we once were, the world's best textile industry. Unfortunately, in the past century, we lost that position. Many other Asian economies, including some of our neighbours, have since overtaken us. With the dismantling of Multi-Fibre Agreement, there is a new opportunity, but we must make up for lost time."
The Prime Minister further stated that the Central Budget presented this year aims at leaving more disposable income in the hands of the masses. This will drive growth of consumption in the country and the textile industry having low level of consumption at present will be one of the major beneficiaries of the boom in consumption.
Speaking on the occasion, the Textiles Minister, Shri Shankersinh Vaghela emphasized the need for value addition to the raw materials within the country. He said the appreciation of rupee has led to the reduction in textile exports. To mitigate the problem of the exporters, the Government has announced several fiscal measures in the last one year. With a view to give more benefit to the industry, the Technology Upgradation Fund Scheme has been also extended into the 11th Plan, Shri Vaghela added.
On the occasion, the Prime Minister also released a commemorative volume of CITI titled "Textiles and Beyond". Coinciding with its Golden Jubilee Celebrations, the CITI is organizing a third Asian Textile Conference. The two-day Conference based on the theme of "Textile Growth through Consolidation" is being attended by Textile manufacturers from India and abroad. Experts participating in the Conference would deliberate on the issues affecting the textile industry.
The Prime Minister stated that the textile sector has been a major pillar of our industrial economy for more than one reason but importantly because of its employment potential. He said "Our Government will come forward and address all your legitimate concerns as long as we can work together to generate more employment".
Referring about the rich traditions of Indian textiles and desire to become a great global leader in textiles, the Prime Minister said "we have to regain that glory and once again become, as we once were, the world's best textile industry. Unfortunately, in the past century, we lost that position. Many other Asian economies, including some of our neighbours, have since overtaken us. With the dismantling of Multi-Fibre Agreement, there is a new opportunity, but we must make up for lost time."
The Prime Minister further stated that the Central Budget presented this year aims at leaving more disposable income in the hands of the masses. This will drive growth of consumption in the country and the textile industry having low level of consumption at present will be one of the major beneficiaries of the boom in consumption.
Speaking on the occasion, the Textiles Minister, Shri Shankersinh Vaghela emphasized the need for value addition to the raw materials within the country. He said the appreciation of rupee has led to the reduction in textile exports. To mitigate the problem of the exporters, the Government has announced several fiscal measures in the last one year. With a view to give more benefit to the industry, the Technology Upgradation Fund Scheme has been also extended into the 11th Plan, Shri Vaghela added.
On the occasion, the Prime Minister also released a commemorative volume of CITI titled "Textiles and Beyond". Coinciding with its Golden Jubilee Celebrations, the CITI is organizing a third Asian Textile Conference. The two-day Conference based on the theme of "Textile Growth through Consolidation" is being attended by Textile manufacturers from India and abroad. Experts participating in the Conference would deliberate on the issues affecting the textile industry.
Press Information Bureau Government of India
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