Home / Knowledge / News / Textiles / 'Textile industry has potential to overcome economic crisis' – Minister
'Textile industry has potential to overcome economic crisis' – Minister
Feb '09
Mr Rana Muhammad Farooq Saeed Khan, Textile Minister
Mr Rana Muhammad Farooq Saeed Khan, Textile Minister
“The textile industry alone can bring out the country from the economic crisis, subject to, that the stakeholders are given the help needed in this period of turmoil”, so said the Minister for Textiles, Mr Khan and added by saying that if the textile industry is strengthened, other than bringing in precious foreign exchange, it had the potential to create hundreds of thousands of jobs for the unemployed youth in the country.

Mr Khan expressed these remarks while addressing a seminar, as the chief guest on “Engineering Trends/Issues in Cotton Production, Ginning and Spinning Industry”. The topics of discussion ranged across a wide variety of subjects like adoption of best practices, increasing cotton yield, role of Bt cotton, adoption of latest technology, process optimization of the spinning process among a host of other topics.

The Minister further said that, the textile industry could flourish more if the cotton producers are paid remunerative prices, besides the government subsidies as had been provided by the sugar industry to its growers in the past. If the growers receive the correct price, it would incentivise the farmers to whole heartedly grow cotton, due to which there would be no need to import cotton by the textile industry.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 29th Apr 2017

Textile sector may have uniform GST rate: Irani

The textile sector could have a uniform Goods and Services Tax (GST)...

Textiles | On 30th Apr 2017

Government revamping tech mission on cotton

Indian Government is working to revamp the technology mission on...

Apparel/Garments | On 30th Apr 2017

Columbia Sportswear records Q1 net sales of $543.8 mn

Columbia Sportswear Company has announced record net sales of $543.8...

Interviews View All

Hannah Lane

Encouragement from brands will motivate supply chains to become more...

Prabu Mohanram
Balavigna Weaving Mills Pvt Ltd

The biggest challenge that the weaving industry faces is high price

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

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...

Pranav Mishra

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

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


news category

Related Categories:
April 2017

April 2017

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


Browse Our Archives


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search