Comments
The Textile Ministry will announce an incentive package for the knitwear sector in less than two months to help the industry cope with the “challenging times”, Textiles Minister Smriti Irani has said.
The much-awaited National Textile Policy may, however, take longer as it will be announced only after incorporating the inputs given by experts in the round tables planned at the Textile India 2017 event, the Minister added. Textile India 2017, which is positioned as the first global B2B textile and handicrafts event in India, will be held in Gandhinagar from June 30 to July 2.
Textile policy“Our hallmark is that we do continuous consultations with people and the industry. Over the last 10 months, I, together with the Textile Secretary, held consultations across sectors including knitwear, powerloom, handloom, handicraft, wool, jute and cotton. The powertex package is proof of the result of the consultations. And now we will come up with a package for the knitwear sector,” Irani said at a press conference on Monday on the achievements of her Ministry in the past three years since the NDA government came to power.
The Minister said although the National Textile Policy had not yet been announced, the Ministry was not sitting idle and “in instalments we are already doing it”.
The Centre announced a ₹6,000-crore special package for the textile and apparel sector in June 2016 to help create one crore jobs, mostly for women, over three years.
“The fact that investments to the tune of ₹3,000 crore have already flowed into the garments sector after the announcement of the package is proof that most of the notifications needed for its administration are in place,” the Minister said. A lot of ground remains to be covered though, in terms of attracting investments, as the target is an ambitious ₹74,000 crore.
On the new National Textile Policy, which seeks to introduce flexible labour laws, create integrated textile parks, attract higher investments and generate more jobs, the Minister indicated that one needed to wait a bit longer.
“I think that in the Textile India event, there would be about 20 round tables involving experts from the country and world over in diverse sectors, including man-made fibre, jute diversification and technical textile. When the experts give their opinion on the important sectors, we will come out with a plausible policy. We will put it in public domain before finalising it,” she said.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.