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Dayanidhi Maran addresses Convocation of NIFT
02 Nov '10
2 min read
Thiru Dayanidhi Maran, Textiles Minister has called upon the National Institute of Fashion Technology (NIFT) to double up their efforts to make available the additional requirement of qualified trained technical personnel to the Textile Sector. India has the potential to increase its textile and apparel share in the world trade from the current level of 4.5% to 8% and reach US $ 80 billion by 2020.
To achieve the growth of Indian Textile and Apparel Industry targeted at US$ 220 billion, investments to the tune of US$ 68 billion across the textile supply chain will be required by 2020. Against this requirement, the investment during the last four years was about US$ 9.5 billion. Thiru Maran said that this while addressing the 16th Convocation ceremony of National Institute of Fashion Technology.
Thiru Maran further said “ If we are to achieve these growth potentials, it has been estimated that for the expected additional investment of US $ 68 billion, the textile sector will generate an additional 10 million direct employment and 20 million indirect employment. A part of this additional requriement of workforce is expected to come from the NIFT”. He further said that relevance of the Institute like NIFT increase with the enhanced growth potential of the nation.
Thiru Maran said that NIFT has earmarked Rs. 360 crores for the upgradation of physical and academic facilities across all centres and hoped that the students and faculty will have better infrastructure facilities so as to enable them to compete with the best in the world. Considering the popularity for the NIFT courses from across the country, Thiru Maran said that NIFT has added three more Centres at Kangra, Bhubaneshwar and Jodhpur during the last one and a half years bringing the total number of NIFT Centres to fifteen. NIFT has already started Ph.D Programmes in the Design, Technology and Management from last year.
To achieve the growth of Indian Textile and Apparel Industry targeted at US$ 220 billion, investments to the tune of US$ 68 billion across the textile supply chain will be required by 2020. Against this requirement, the investment during the last four years was about US$ 9.5 billion. Thiru Maran said that this while addressing the 16th Convocation ceremony of National Institute of Fashion Technology.
Thiru Maran further said “ If we are to achieve these growth potentials, it has been estimated that for the expected additional investment of US $ 68 billion, the textile sector will generate an additional 10 million direct employment and 20 million indirect employment. A part of this additional requriement of workforce is expected to come from the NIFT”. He further said that relevance of the Institute like NIFT increase with the enhanced growth potential of the nation.
Thiru Maran said that NIFT has earmarked Rs. 360 crores for the upgradation of physical and academic facilities across all centres and hoped that the students and faculty will have better infrastructure facilities so as to enable them to compete with the best in the world. Considering the popularity for the NIFT courses from across the country, Thiru Maran said that NIFT has added three more Centres at Kangra, Bhubaneshwar and Jodhpur during the last one and a half years bringing the total number of NIFT Centres to fifteen. NIFT has already started Ph.D Programmes in the Design, Technology and Management from last year.
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