You are here: Home » Economy & Policy » News
Business Standard

Govt seek suggestions on new textile policy, aims to make India export hub

Last month, Textiles Minister Smriti Irani said in the Rajya Sabha that the Centre is considering formulation of the National Textiles Policy after consultations with states

Topics
Smriti Irani | textile industry | Textile policy

Press Trust of India  |  New Delhi 

Smriti Irani
The formulation of the new policy has been under consideration for some time now.

The textiles ministry has sought suggestions for formulating the much-awaited new National for the next 10 years, which will envisage positioning India as a fully integrated, globally-competitive manufacturing and exporting hub.

The policy will entail the strategy and action plan for the country's textile and apparel sector.

Last month, Textiles Minister said in the Rajya Sabha that the Centre is considering formulation of the National Textiles Policy after consultations with states.

The formulation of the new policy has been under consideration for some time now. In 2016, then textiles minister Santosh Gangwar had said the new policy will envisage creation of additional 35 million jobs.

The existing National 2000 was framed about 13 years ago. Since then, the industry has undergone various changes on the domestic and international front. The domestic has seen large-scale modernisation and technological up-gradation in the last decade and faces new challenges.

"The Ministry of Textiles, Government of India, is in the process of formulating a New for the next decade. This will include vision to position India as a fully integrated, globally competitive manufacturing and exporting hub, strategy and action plan for Indian textile and apparel sector," according to the ministry's website.

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Tue, December 17 2019. 18:40 IST
RECOMMENDED FOR YOU
.