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New textiles policy on the anvil: Govt
09
May '15
The government has said that it is finalising a new national textiles policy aimed to boost the sector’s exports.

The new policy aims to achieve $300 billion textiles exports by 2024-25 and predicts the creation of additional 35 million jobs, according to an agency report.

The textiles ministry has set up an expert committee headed by Ajay Shankar, member secretary, national manufacturing competitiveness council for review and revamp the textile policy 2000.

"The expert committee has since submitted a draft vision, strategy and action plan. The new national textiles policy, is currently under finalisation," textiles minister Santosh Gangwar said in a written reply to the Rajya Sabha.

Acknowledging the changes in the textile industry on the domestic and international fronts and the need for a road map for the textile and apparel industry, the textiles ministry had initiated the process of reviewing the national textile policy, 2000.

The new policy also aims to address concerns of adequate skilled work force, labour reforms, attract investments in the textile sector, and to provide a future road map for the textile and clothing industry. (SH)

Fibre2fashion News Desk - India


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