National Textiles Policy likely to be announced by July end

Hyderabad, June 6 (KNN) The Union Textiles Ministry is planning to launch the National Textiles Policy soon as the government has completed consultations with the stakeholders, Textiles Ministry Additional Secretary Pushpa Subrahmaniam has said.

She said the outreach sessions with the industry on the issue and the policy would be ready soon.

Subrahmaniam was in the city to invite industry to participate in the Textiles India 2017 to be held in Gandhinagar, Gujarat from June 30-July 2, 2017.

Prime Minister Narendra Modi would inaugurate the three-day event to be held in Gandhinagar and representatives from over 60 countries had already registered their participation.

She said inputs would be taken from India Textiles 2017 before finalising the textiles policy, which is expected to be announced by the end of next month.

The National Textiles Policy has been created with an objective of USD300 billion (over Rs 20 lakh crore) textiles exports and generating 35 million jobs by 2025.

“We have done stakeholder consultations with all segments including all handloom weavers, big manufacturers on the textiles policy. We have reached out to all the segments. We are almost ready (with the draft),” she said.

Meanwhile, on the proposed textiles park at Warangal, Subrahmaniam said the Union Textile Ministry is awaiting a formal request from Telangana government on the proposed textiles park at Warangal.

 “There is no dearth of funds for the project. We have funds. We’re waiting for the proposal from the Telangana Government. As soon as it comes, we’ll sanction it,” she said. (KNN Bureau)