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India's textile sector to soar under PM Modi's 3rd term: NITMA

12 Jun '24
2 min read
India's textile sector to soar under PM Modi's 3rd term: NITMA
Prime Minister Narendra Modi. Pic: Narendra Modi / X

Insights

  • As PM Modi begins his third term, NITMA, led by president Sanjay Garg, pledges support for the government's vision to position India as a global textile hub.
  • Garg emphasised the importance of partnership to address industry challenges and praised Modi's leadership for progress.
  • NITMA is committed to promoting innovation, sustainability, and competitiveness.
As Prime Minister Narendra Modi embarks on his third term, the Northern India Textile Mills’ Association (NITMA) remains unwavering in its dedication to supporting the government's endeavours in positioning India as a worldwide centre for textiles and apparel. Sanjay Garg, president of NITMA, expressed confidence that India, under PM Modi's leadership, will continue to achieve new milestones and pave the way for a brighter future for all.

Garg emphasised the importance of continuing the strong partnership with the government to address industry challenges, including raw material security, infrastructure development, and skill enhancement. By working together, sustainable growth can be achieved, contributing to the nation's economic prosperity.

In a congratulatory message to Prime Minister Narendra Modi on his third consecutive term, Garg praised Modi's visionary leadership for driving progress and development across various sectors of the nation. He expressed deep admiration and support for Modi’s unwavering commitment to India, NITMA said in a press release.

NITMA reaffirms its commitment to collaborating closely with the government to promote innovation, sustainability, and competitiveness within the textile sector. Together, our goal is to enhance India's reputation as a global giant in textiles, Garg added

Garg further commended the government's initiatives, such as Remission of Duties and Taxes on Exported Products (RoDTEP), Rebate of State Levies (RoSCTL), and others. Additionally, policy interventions like the Production Linked Incentive (PLI) scheme, PM Mega Integrated Textile Region and Apparel (PM MITRA) parks, and strategic trade agreements have paved the way for creating top-notch infrastructure, promoting investment, and generating employment opportunities within the textile sector coupled with the ongoing support for MSMEs, which have significantly bolstered the industry.

On behalf of the entire textile industry, Garg extended congratulations to Prime Minister Modi on this historic accomplishment. He said that Modi's energetic leadership has been crucial in accelerating India's development and securing its standing as a major player in the world economy.

Fibre2Fashion News Desk (DP)

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