India - aggressively growing textile giant

04 Apr '07

2 min read

Indian Textile Minister JN Singh stated on November 16, Government made two major projects to support textile industry, and attract private enterprise operators. The government would provide 40 percent of the support to weaving, processing and garment enterprises that enter the integrated textile Park plans. Government invested about 150 billion rupees in textile industry; the target for this year will be about double.

The '11th Five-Year Plan' of China's textile industry proposed a development program for industrial structural adjustment is focused on accelerating technological restructuring, enhancing value-added products, stepping up structural adjustment of raw materials to achieve the diversification of raw materials, accelerating industrial restructuring of major sectors, pushing structural optimization, improving the efficiency of resource usage and reducing pollution.

Government is also vigorously boosting independent brands, creating China's own brands that carry international influence, advancing the restructuring of enterprises, enhancing the level of industrial concentration, promoting coordinated development of the industries in eastern, central and western areas, optimizing regional distribution of the industry.

In November 2004, the China Textile Industry Association brought forward the following progress objectives in science and technology: China will focus on breaking through 28 key technologies and 10 new sets of critical equipments in 2010, greatly increasing the level of science and technology of textile industry. China will achieve industrial upgrading and build China into a modern textile power in 2020.

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