Interviews
Textile committee concerned by changing policies
02 May '07
1 min read
Parliamentary Standing Committee on Textile is annoyed with the Centre for amending the current policies and introducing new schemes that are incomplete and only partly drafted.
Committee says that frequent amendments without thorough analysis of consequences were absolutely unacceptable.
Officials explained that if the Government continued with this, it would hamper growth and textile and jute target of $115 billion by 2012 would never be achieved.
According to the committee, against the annual outlay of Rs4,852.50 crore for the 10th Plan, the textiles ministry was able to exploit only Rs4,452.60 crore, leaving an unspent amount of Rs428.54 crore. The major reason for these unused funds was the changing policies.
They have also urged the government to implement policies for textile only after careful investigation of their future effects.
Textile players believe that just a few effective schemes would assist the industry in much more valuable way than loads of unplanned and baseless strategies.
Committee says that frequent amendments without thorough analysis of consequences were absolutely unacceptable.
Officials explained that if the Government continued with this, it would hamper growth and textile and jute target of $115 billion by 2012 would never be achieved.
According to the committee, against the annual outlay of Rs4,852.50 crore for the 10th Plan, the textiles ministry was able to exploit only Rs4,452.60 crore, leaving an unspent amount of Rs428.54 crore. The major reason for these unused funds was the changing policies.
They have also urged the government to implement policies for textile only after careful investigation of their future effects.
Textile players believe that just a few effective schemes would assist the industry in much more valuable way than loads of unplanned and baseless strategies.
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