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News18 » India
1-min read

Textiles Minister to meet state ministers on new textile policy on Wednesday

"The state ministers of textiles will also be asked to emphasise on ways to generate productive employment opportunity for the youth through the textile sector," an official release said.

Press Trust Of India

Updated:September 23, 2014, 8:58 PM IST
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Textiles Minister to meet state ministers on new textile policy on Wednesday
"The state ministers of textiles will also be asked to emphasise on ways to generate productive employment opportunity for the youth through the textile sector," an official release said.

New Delhi: Textiles Minister Santosh Gangwar will deliberate upon measures to increase production, boost exports and generate employment in the textiles sector at a meeting with state ministers on Wednesday. The annual conference with state textiles ministers will discuss the suggestions received from states for framing the new textiles policy.

"The state ministers of textiles will also be asked to emphasise on ways to generate productive employment opportunity for the youth through the textile sector. Stress should also be laid on inclusive and participative growth; skill, scale and speed; Zero Defect-Zero Effect and Make in India brand," an official release said.

"All state governments and union territories had been asked to give their views and suggestions for necessary action to be taken. These views and suggestions would be looked upon in the conference tomorrow," it added.

The draft blueprint of the new National Textiles Policy termed as 'Vision, Strategy and Action Plan' envisages an additional investment of $120 billion, aims to achieve $300 billion exports by 2024-25, and create additional 35

million jobs by attracting investments.

The key objectives of the new National Textiles Policy include developing a vision statement of the textile sector for the next decade to treble market share from the current 4 per cent in the next decade.

Keeping in view the various changes in the textile industry on the domestic and international fronts and the need for a road map for the textile & apparel industry, Ministry of Textiles had initiated the process of reviewing the National Textile Policy, 2000.

Government aims to formulate a new improved Textile Policy to address concerns of adequate skilled work force, labour reforms, attract investments in the textile sector, and to provide a future road map for the textile and clothing

industry.

India's textiles and clothing industry is one of the

mainstays of the national economy. It is also one of the

largest contributing sectors of India's exports contributing

nearly 13.25 per cent of the country's total exports basket.

The textiles sector has realised export earnings worth

USD 41.57 billion in 2013-14. PTI RSN

KSR

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