Textiles Minister announces new initiatives for sector
The Ministry of Textiles has taken several initiatives within a short time frame to substantially redeem the commitments made in the 'Agenda for 100 Days', to strengthen textiles industry, provide funds for modernization and Technology Up gradation and operationalize Textiles Parks. Several initiatives were also taken for skill development and welfare of persons engaged in Handicrafts, Handlooms, Power looms and Sericulture sectors.
Thiru. Dayanidhi Maran, Union Textiles Minister said this, while outlining details of the initiatives taken during 100 days. he said that, these initiatives are just the beginning, we have a huge task cut-out before us to maximize the productivity and welfare of stakeholders and tackle the issue affecting the holistic growth and development of textiles industry and employment generation.
The Textiles Minister said that to provide professional education
covering the entire spectrum of textiles an Indian School of Textiles will be set up by upgrading the Sardar Vallabh Bhai Patel Institute of Textile Management (SVPITM), Coimbatore. The school will engage itself in research and consultancy to impart learning, create and disseminate knowledge about textiles in addition to focus upon technology support systems on entire textile chain. It would also undertake comprehensive consultancy services for the industry.
For compliance of Environmental and Social regulatory requirements, the Government will help the Textiles industry to build capacities for environment and social compliance with a view to capture overseas markets and meet global environmental standards like Oeko-Tech, Blue sign, EU Flower and Eco-Level, said Thiru. Maran. As the Government recognizes that innovation is the key to survival in the globalized world, upgradation in technology, machinery, products and processes is necessary for the industry to fully exploit the opportunities available globally. To achieve these objectives, Thiru Maran said that the Ministry will promote Research & Development in Textiles Sector including Handlooms and Handicrafts to provide a 'Common Technology Platform' on commercial basis for promotion of new technologies towards value addition and product diversification.
The Ministry will take necessary steps to safeguard and promote organic cotton in the country, said Thiru. Maran Thiru. Maran said his Ministry had taken several measures in consultation with Ministries of Finance and Commerce to ameliorate the situation. The Foreign Trade Policy (FTP) announced on August 27, 2009, has substantially addressed the concerns of the exporters. For the first time, the largest ever amount of Rs 2,546 crore, as subsidy under Technology Upgradation Fund Scheme (TUFS), has been released in a single tranche and credited to beneficiaries accounts in record 3 days. This has given positive signal to the industry and given fillip to modernization and up gradation of technology by textiles units, said Thiru. Maran. The Textiles Minister said that approximately 50% of our textiles
production is exported, of which 60% is to the European Union(EU)
and the United States (US), both hit by the economic slowdown.