ENA Sectors 2024-02-09 15:21:07 <p><span style="font-size:14px"><strong>New Delhi, Feb 9 (KNN)</strong> A Parliamentary Committee has stressed that there is a need for a comprehensive National Textile Policy aimed at enhancing the global competitiveness of India's textile industry.</span></p> <p><span style="font-size:14px">The committee has urged the Ministry of Textiles to devise an all-encompassing strategy, recognising the crucial importance of aligning proactive and industry-centric State Textile Policies with a unified National Textile strategy.</span></p> <p><span style="font-size:14px">This integrated approach seeks to position the Indian textile sector competitively on the global stage by merging industry-specific elements of state textile policies with globally recognised best practices.</span></p> <p><span style="font-size:14px">Emphasising the urgency of revitalising the nation's ailing textile plants, the committee has recommended prompt resolution mechanisms.</span></p> <p><span style="font-size:14px">It proposes the creation and dissemination of an action plan, tailored to address the challenges faced by each distressed textile unit in a timely manner.</span></p> <p><span style="font-size:14px">Furthermore, the committee underscores the necessity for swift resolution of land-related disputes by both the Centre and State Governments, suggesting the involvement of legal professionals to resolve conflicts through Alternative Dispute Resolution mechanisms.</span></p> <p><span style="font-size:14px">The proposals put forth by the Parliamentary Committee aim to bolster the international competitiveness of India's textile industry while alleviating the challenges confronting ailing textile units.</span></p> <p><span style="font-size:14px">The overarching objectives include fostering growth in the nation's textile sector and contributing to overall economic advancement by crafting a robust National Textile Policy, expediting the revival of distressed textile units, and exploring avenues for private sector investment.</span></p> <p><span style="font-size:14px">These recommendations were outlined in the committee's report on Estimates 2023-24 on Empowerment Through PM Mega Integrated Textile Region and Apparel PM MITRA Parks Scheme, and Revival Efforts For Sick Textile Units/PSUs Pertaining to Ministry of Textiles.</span></p> <p><span style="font-size:14px"><em><strong>(KNN Bureau)</strong></em></span></p> 36632 https://knnindia.co.in/news/newsdetails/sectors/parliamentary-committee-urges-comprehensive-national-textile-policy-for-global-competitiveness 2024-02-09 15:21:07 knnindia.co.in