New National Textiles Policy likely to be announced in mid-July
Updated: May 27, 2015 04:27:32pm
New Delhi, May 27 (KNN) The new National Textiles Policy, which aims to achieve USD 300 billion exports by 2024-25 and create additional 35 million jobs, is likely to be announced in mid-July, post Cabinet’s approval, according to Textiles Secretary S K Panda.
Panda, recently told a news agency, that the new National Textiles Policy will be announced in mid-July.
Panda also said the Ministry has sought Rs 13,000 crore for the Technology Up-gradation Fund (TUF) scheme for the 12th Five Year Plan (2012-17).
Meanwhile, country's textile and garment exports registered an almost flat growth at USD 41.4 billion in FY 2014-15, against USD 40.8 billion in the previous fiscal, falling short of USD 45 billion target for the year.
The new National Textiles Policy being finalised by the government aims raising exports to USD 300 billion by 2024-25.
The Textiles Ministry has set an exports target of USD 47.5 billion for the current fiscal.
"Textile exports in 2014-15 stood at 41.4 billion as against a target of 45 billion. For the current fiscal, we have set a target of 47.5 billion," Textiles Secretary S K Panda said while addressing a press conference here.
Further, Union Textiles Minister Santosh Gangwar raised concern on the condition of handloom weavers in the country.
He also pointed out that during the past one year, the government has approved 20 textiles parks under the scheme for integrated textiles parks (SITP), which are likely to create 75,000 jobs.
Gangwar pointed that India has become the largest cotton producing country in the world.
The textile ministry has circulated a Cabinet note on textile vision policy for inter-ministerial consultations, Gangwar recently said. The policy will then be placed before the Cabinet for approval, which is expected soon. (KNN Bureau)
Panda, recently told a news agency, that the new National Textiles Policy will be announced in mid-July.
Panda also said the Ministry has sought Rs 13,000 crore for the Technology Up-gradation Fund (TUF) scheme for the 12th Five Year Plan (2012-17).
Meanwhile, country's textile and garment exports registered an almost flat growth at USD 41.4 billion in FY 2014-15, against USD 40.8 billion in the previous fiscal, falling short of USD 45 billion target for the year.
The new National Textiles Policy being finalised by the government aims raising exports to USD 300 billion by 2024-25.
The Textiles Ministry has set an exports target of USD 47.5 billion for the current fiscal.
"Textile exports in 2014-15 stood at 41.4 billion as against a target of 45 billion. For the current fiscal, we have set a target of 47.5 billion," Textiles Secretary S K Panda said while addressing a press conference here.
Further, Union Textiles Minister Santosh Gangwar raised concern on the condition of handloom weavers in the country.
He also pointed out that during the past one year, the government has approved 20 textiles parks under the scheme for integrated textiles parks (SITP), which are likely to create 75,000 jobs.
Gangwar pointed that India has become the largest cotton producing country in the world.
The textile ministry has circulated a Cabinet note on textile vision policy for inter-ministerial consultations, Gangwar recently said. The policy will then be placed before the Cabinet for approval, which is expected soon. (KNN Bureau)
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