India : Industry needs to create 1cr jobs in 3yrs: Kavita Gupta

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Industry needs to create 1cr jobs in 3yrs: Kavita Gupta

08
Dec '16

Courtesy: India ITME

Sharing several initiatives laid out by the government in R&D, textile parks, branding, marketing, and skilling, textile commissioner Kavita Gupta has said that the textile industry needs to create one crore new jobs over the next three years. She said, “The textile industry needs to think of quantum growth using innovation and technology.”

The textile machinery manufacturing in India needs to catch up with the world level, said Gupta while addressing the textile engineers from SASMIRA at the ongoing India ITME 2016 in Mumbai on Thursday.

Encouraging the Indian textile industry to grab the domestic as well as global opportunity, she said, it is only in the textile industry where a single unit is eligible for all incentives. On display at India ITME 2016 are world's best innovations and technologies. 1,050 manufacturers of textile machinery from across 38 countries are showcasing their products. The world's best names are looking into India as one big opportunity. It is an opportune time that we start exploiting the opportunity ourselves. “Strengthening of domestic industry will ensure that we create more jobs for ourselves” said Gupta.

Organised by the India ITME society, the six-day exhibition is witnessing dozens of product launches and is proving to be an effective platform for joint ventures and collaborations between the stakeholders of textile industry in India and overseas.

The governments of Gujarat and Karnataka are participating in this event as state partners. The idea of “Make in India” in textile engineering is being promoted to the visiting foreign business visitors. Government schemes and incentives for the textile industry in India are also being propagated.

The textile sector is one of the largest contributions to India's exports accounting for approximately 11 per cent of total exports. India's overall textile exports during FY 2015-2016 stood at $40 billion. (RKS)

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