Textiles sector on revival path - Textiles Minister

07 Jan '10

5 min read

an additional Rs. 1,500 crore for TUFS during fiscal 2009-10. The Minister stressed that there is a need to have a re-look into the working of TUFS and the scheme should be orientated to facilitate induction of the state-of-the-art technologies in the Textiles Sector. The emphasis of the Scheme should be to technologically upgrade Powerloom Sector which caters to 80% of domestic demands and 60% to export markets.

The Textiles Minister urged the industry, particularly the conventional textiles sector, to make efforts to create more marketing and technical awareness on technical textiles products. This way, by the time the global economic situation takes an upturn, the Indian technical textiles sector will come into its own, said the Minister. Thiru. Maran said that as an example for the industry NTC is in the process of setting up a technical textiles unit in one of its mills at Coimbatore. The Minister also called upon the textiles industry to adopt energy efficient, environmentally sustainably practises and ensures compliance with International eco standard, if it had to compete and sustain itself in the global market. Thiru. Maran said that Indian Jute Industry had a great potential and there is an immediate need to diversify its products profile and move away from a regime of Government protection.

Speaking on the occasion Shri Ashok Chawla, Union Finance Secretary outlined the importance of textiles Sector in the national economy and stressed an urgent need for product upgradation to get better unit value realisation and capture niche markets. He said that momentum should be imparted to implementation of Technology Upgradation Fund Scheme (TUFS) and popularisation of diversified Jute products. He outlined that Foreign Direct Investment (FDI) in the Textiles Sector can play a role of a catalyst for product upgradation, in capturing new markets and in adoption of new work processes.

Smt. Rita Menon, Union Secretary Textiles gave an overview of the textiles sector and informed that textiles Sector is on a recovery part. She thanked the Ministry of Finance for providing necessary financial stimuli and support, in particularly for TUFS, which has been catalyst for induction of upgraded Technology in the textiles sector.

The representatives from the Confederation of Indian Textiles Industry, Cotton Textiles Export Promotion Council (TEXPROCIL), the Synthetic and Rayon Textiles Export Promotion Council (SRTEPC) and the Apparel Export Promotion Council (AEPC) urged the Government to have a re-look at the National Textile Policy 2000 in view of changed textiles scenario, post quota regime, and also thanked the Minister of Textiles for constituting a working group on National Fibre Policy to redress the fibre imbalance in domestic textiles economy.

Press Information Bureau

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