Time to concentrate on textile exports in a big way: PM

“The organised textile industry has been infused with skill, scale, speed and zero-defect, zero-effect for scaling up production and exports. We have one of the most liberal policies for investment in the textile sector. We allow 100 per cent FDI through automatic route in this sector,” Modi said.

He said that the textiles sector acts as bridge between agriculture and industry, as the end product of cotton and silk is produced by the textile sector. “We have a distinct advantage of backward integration, which many other nations do not have. Young skilled labour is available at reasonable costs,” said Modi.

Speaking about the event, the Prime Minister said it is the biggest textile event in India, so far. He added that it is for the first time that Central and state governments, and textile industrialists have come together for such an event.

He said that textile producing states have pro-industry policy in place. He suggested that each state should appoint nodal officers, and formulate action plan to map and study, and monitor trends on a real time basis. He urged government bodies to work in a spirit of cooperation.

Modi said that there is growing demand for product with zero carbon footprint, and the market for organic dyes and products is growing day by day. For international buyers, he said, “Come, invest and make textiles in India”. (RKS)

Fibre2Fashion News Desk – India