Kamal Nath asks textile ind to develop base in domestic market

22 Jan '07

3 min read

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.

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