Home / Knowledge / News / Textiles / Indian govt to frame new strategy for textiles sector
Indian govt to frame new strategy for textiles sector
10
Jul '13
courtesy: pmindia.nic.in
courtesy: pmindia.nic.in
The Government of India would frame a new competitiveness strategy for the textiles sector. This was among the several decisions taken at a meeting of the High Level Committee on Manufacturing (HLCM) led by Prime Minister Manmohan Singh.
 
In order to expand the textiles sector which is labour intensive and contributes substantially to exports, the HLCM endorsed a new competitiveness strategy for the textiles sector, said a statement from the Prime Minister’s Office.
 
The goal would be to leverage the strengths that India has in cotton and other fibres to enhance employment generation and achieve a greater share in global markets, especially in apparel, the statement said.
 
The core of the strategy is to facilitate the rapid scaling of competitiveness of the garment segment of the textile sector in the country through a comprehensive package of measures.
 
Some of the elements of the strategy include having ready availability of work space, having adequate and comfortable housing for workers, having more flexible work timings, leveraging textile clusters and obtaining the best technologies.
 
An Inter-Ministerial Group (IMG) led by Secretary (Textiles) will work out the Action Plan for the Textiles sector in four weeks time, the statement said.
 
Speaking at the HLCM, Prime Minister Singh said manufacturing has to be the backbone of India’s growth strategy for the next decade.
 
He said the Indian economy is currently witnessing a transformation. The agricultural sector, which provides livelihood to more than half of India’s population, now contributes less than 15 percent to the country’s GDP, he added.
 
For Indian economy to grow at 8-9 percent in future, sustained growth in manufacturing sector, especially labour-intensive manufacturing sector, is necessary, Mr. Singh said.
 
He added that only the labour-intensive manufacturing sector can give opportunities to many who are looking for better avenues outside the agricultural sector.
 
In fiscal year 2012-13, India’s textile exports, including apparel exports, stood at US$ 34 billion.
 
Soon after assuming office last month, Textiles Minister K Sambasiva Rao said he wishes to boost textiles exports to about US$ 50 billion this fiscal.
 

Fibre2fashion News Desk - India


Interviews View All

Prabu Mohanram, Balavigna Weaving Mills Pvt Ltd

Prabu Mohanram
Balavigna Weaving Mills Pvt Ltd

The biggest challenge that the weaving industry faces is high price

Representatives, Textile & apparel industry

Representatives
Textile & apparel industry

GST is a complicated and lengthy process

Top executives, Textile industry, India

Top executives
Textile industry, India

The event should be organised every year

Nitesh Mittal,

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Sugandha Bhardwaj,

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Apurva Kothari,

Apurva Kothari

No Nasties was the first fashion brand in India to make 100 per cent...

Matthew Kolmes, Supreme Corporation

Matthew Kolmes
Supreme Corporation

Supreme Corporation manufactures innovative specialty yarns and safety...

Urs Stalder, Sanitized AG

Urs Stalder
Sanitized AG

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

Silke Brand-Kirsch, Schlegel und Partner GmbH

Silke Brand-Kirsch
Schlegel und Partner GmbH

<div>Schlegel und Partner is the market research and consultancy company...

Hemant & Nandita, Hemant & Nandita

Hemant & Nandita
Hemant & Nandita

The designer duo of Hemant &amp; Nandita are known for being inspired by...

Samar Firdos, Arvind Ltd

Samar Firdos
Arvind Ltd

<b>Samar Firdos</b>, Chief Manager (Design) at Lifestyle Apparel Denim...

Mike Hoffman, Gildan Activewear SRL

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

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

Leave your Comments


September 2019

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

news category


Related Categories:

Advanced Search