Govt to unveil New Textiles Policy in July
Updated: Jun 30, 2015 02:07:07pm
Mumbai, June 30 (KNN) The government will unveil a new national textiles policy next month which aims at creating 35 million new jobs by attracting foreign investment.
"The new national textiles policy aims at creating 35 million new jobs by attracting foreign investments. The policy will be announced in July after the Cabinet approval," Textiles Secretary S K Panda told reporters on Monday after inaugurating the 61st National Garment Fair here.
An expert panel had submitted the draft of the new policy, which envisaged to address the concerns over lack of enough skilled workforce and labour reforms. It also facilitates in attracting investments and providing a roadmap for the textile and clothing industry. The panel was constituted last year.
The Ministry of Textiles has also sought Rs 12,000 crore for the Technology Upgradation Fund (TUF) scheme for the ongoing 12th Plan (2012-17).
The government is also considering setting up modern apparel garment manufacturing centres in each of the seven north-east states. (KNN Bureau)
"The new national textiles policy aims at creating 35 million new jobs by attracting foreign investments. The policy will be announced in July after the Cabinet approval," Textiles Secretary S K Panda told reporters on Monday after inaugurating the 61st National Garment Fair here.
An expert panel had submitted the draft of the new policy, which envisaged to address the concerns over lack of enough skilled workforce and labour reforms. It also facilitates in attracting investments and providing a roadmap for the textile and clothing industry. The panel was constituted last year.
The Ministry of Textiles has also sought Rs 12,000 crore for the Technology Upgradation Fund (TUF) scheme for the ongoing 12th Plan (2012-17).
The government is also considering setting up modern apparel garment manufacturing centres in each of the seven north-east states. (KNN Bureau)
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