Home / Knowledge / News / Textiles / Tex-Trends begins; need to monitor retail index - Textile Minister
Tex-Trends begins; need to monitor retail index - Textile Minister
02
Feb '11
The Finance Minister Shri Pranab Mukherjee assured the textiles industry the Government's continuous support to upgrade technology, manufacturing processes and conducive policy enviornment to facilitate its proper growth and enhance productivity.

Shri Mukherjee said “The Government is sensitive to the needs of this industry. It has provided and shall continue to provide the textile industry a conducive policy environment to facilitate its growth, augment R&D efforts, and encourage innovation with a view to enhance productivity. The Government supports up-gradation of technology, manufacturing processes and the development of human resources for this industry.” The Finance Minister said this while speaking at a function after inaugurating “Tex-Trends India 2011” held at Pragati Maidan, New Delhi.

Towards this end, Shri Mukherjee said that the Union Budget 2010-11 took several initiatives. It included a significant increase in funds allocated to Cotton Technology Mission and to the integrated textile parks, and extension of the interest subvention of 2 per cent until March 31, 2011 for exports covering handicrafts, carpets and handlooms segments of this industry. The textile industry is also being supported with an extensive skill development programme to train 3 million persons over a 5 year period, by leveraging the strength of existing institutions under the textile ministry, he added.

Shri Mukherjee said that in the post-global financial crisis period, even as the economy gathers momentum and our exports grow, there are many sectors of the economy that need policy attention. As the time for Union Budget draws closer, he said that the expectations of actors from these different sectors of the economy tend to rise. Considering this a healthy sign for a growing economy , the Finance Minister further assured textile industry said “ as the Government prioritizes its commitments and resources in the overall interest of the economy, the textiles industry, including its rural dimension, will be given the priority that it deserves.”

The Finance Minister said that the economic reforms pursued by successive Government over the last two decades have unleashed a new era of high growth in the Indian economy, especially so in the last 5 to 7 years. The textile sector has seized the opportunity presented by this growth. In this scenario, the Finance Minister emphasized the need to accelerate and sustain this momentum through a combination of timely policies for enhancing investments, rapid improvement in our infrastructure and making our growth process more inclusive.

He expressed happiness that the Textiles Ministry has finalized the National Fibre Policy and hoped that this will improve competiveness of all segments of the textiles industry. In addition, serious efforts are being made by the Textile Ministry to increase textiles exports and Tex-Trend 2011 is a step in that direction, Shri Mukherjee added.

While delivering his presidential address, Thiru Dayanidhi Maran , Textiles Minister said that the Tex Trends India 2011 is expected to promote brand image of the Indian textiles and clothing brands. It is a platform to the Indian exporters to meet the Global buyers and would be one of the Asia's largest sourcing Textiles show.


Must ReadView All

Textiles | On 20th Sep 2017

India needs to double cotton farmers’ income: top official

India needs to double the income of cotton farmers and non-farmers...

Textiles | On 20th Sep 2017

Pakistan seeks more JVs with China: textile minister

The Pakistani Government wants to forge more joint ventures (JVs)...

Apparel/Garments | On 20th Sep 2017

Egypt’s garment exports touch $941 million in 8 months

Egypt's garment exports touched $941 million in the first eight...

Interviews View All

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Poojaa Kumar Deepak
Zeven

Zeven's performance sports apparel is designed for the Indian body type,...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Johan Berlin
InvestKonsult Sweden AB

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

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Jay Ramrakhiani
Occasions Elegance Wear

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

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

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

September 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


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