Home / Knowledge / News / Textiles / Kamal Nath asks textile ind to develop base in domestic market

Kamal Nath asks textile ind to develop base in domestic market

22
Jan '07
The Minister for Commerce and Industry, Shri Kamal Nath has called upon the captains of Textile Industry to get ready to meet the new challenges emerging in the textile market. He was addressing at the inauguration of the 48th Annual General Meeting of the Northern India Textile Mill's Association (NITMA) here. The Minister of State for Textiles, Shri E.V.K.S. Elangovan was also present on the occasion.

Shri Kamal Nath said that at present Indian economy is growing at the rate of about 9.2 per cent but India's textile and clothing industry contributes about 17 % to total exports. Taking this in mind the Industry should first develop the “India brand” in the domestic market.

Presently Indian Textile products are sourced by larger international chains and being sold in different brand names, he added. He said this trend should be changed and we have to build a range of products that carry the zeal of Indian companies.

In his address, the Minister of State for Textiles, Shri E.V.K.S. Elangovan said that in order to provide the industry with world class infrastructure for setting up of textile unit, recently, the government has sanctioned four more textile parks under the Scheme for Integrated Textile Park. Earlier 26 Textile Parks were sanctioned involving a total project cost of Rs. 2428 crores out of which the share of the Government would be 866 crores.

He said that these parks would generate an additional investment of Rs. 13,445 crores, additional annual production of Rs. 19,200 crores and would provide direct and indirect employment to about 5.29 lakh persons. Shri Elangovan hoped that this Scheme would be extended during the 11th Five Year Plan to cover more Textile Parks.


Must ReadView All

Pic: Shutterstock

Textiles | On 25th Sep 2021

EU extends GSP plus status for Pakistan with 6 new conventions

The European Union (EU) has extended its general system of...

Pic: Shutterstock

Apparel/Garments | On 25th Sep 2021

Bangladesh seeks Russian support for ensuring direct exports there

Bangladesh commerce minister Tipu Munshi recently sought Russian...

Pic: Boris-B / Shutterstock.com

Retail | On 25th Sep 2021

US’ Halloween spending to reach $10.14 bn this year: NRF

Consumer spending in the US on Halloween-related items is expected to ...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Led by MMF, Indian apparel exports likely to double in next 3 years

Vandana Narang, National Institute of Fashion Technology

Vandana Narang
National Institute of Fashion Technology

Campus placements are low due to lockdowns

Textile Industry, Head honchos

Textile Industry
Head honchos

Great step towards realising end goal of 'AtmaNirbhar Bharat'

Meghavi Suthar,

Meghavi Suthar

Founded by NIFT graduate <b>Meghavi Suthar </b>in 2017, Kala is an...

Richard Armitage,

Richard Armitage

Adaptive Control automates, controls and monitors machines, systems and...

Kishina Daruka and Mishika Daruka,

Kishina Daruka and Mishika Daruka

Headquartered in Kolkata, India, sustainable clothing brand Ora was...

Dr Anup Rakshit, ITTA

Dr Anup Rakshit
ITTA

The Indian Technical Textile Association (ITTA) is the only association of ...

Dave Rousse, INDA

Dave Rousse
INDA

INDA, a global association of the nonwoven fabrics industry, has been...

Daniel Odermatt, Ventile

Daniel Odermatt
Ventile

Ventile is a registered trademark used to brand a special high-quality...

Suman Nathwani, Suman Nathwani

Suman Nathwani
Suman Nathwani

Designer <b>Suman Nathwani</b> talks about her journey of opening a...

Gaurang Shah, Label Gaurang Shah

Gaurang Shah
Label Gaurang Shah

Hyderabad based designer <b>Gaurang Shah</b>, has been traversing the...

Reynu Taandon, Label Reynu Taandon + Nikhita

Reynu Taandon
Label Reynu Taandon + Nikhita

Renowned womenswear designer <b>Reynu Taandon </b>has been serving the...

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 2021

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


Advanced Search