Search Result for : Textile Policy

PTI 2016 turned out to be a mixed bag for textiles, as the government unveiled reforms to impart a thrust to the sector, rolled out innovative campaigns like 'I Wear Handloom', a new Minister at the helm, and a controversy over the appointment of former cricketer Chetan Chauhan as the NIFT chief. However, as the year draws to a close, the much-awaited new National Textiles Policy is yet to see the light of day, with the Textiles Ministry still engaged in consultations with stakeholders chalking out nitty-gritty of its roadmap. The policy aims to achieve USD 300 billion (over Rs 20 lakh crore) worth of textile exports by 2024-25 and create an additional 35 million jobs. The textiles industry is eagerly awaiting the roll ...

Deepak Kumar | TheDollar Business    The government on Wednesday expressed satisfaction on the current level of textile exports and hoped that the recent initiatives taken by the government would help the industry cloak a double digit exports growth. Inaugurating the three-day India International Garment Fair organised by the Apparel Export Promotion Council, Minister of State for Textiles Santosh Kumar Gangwar said, “I believe that our exports growth, as we have been discussing with the industry, is projected to touch the double digit growth, which would also positively affect our foreign exchange.” India’s textile exports, on average, have been growing at 7-8% annually. However, the government as well as the industry has long emphasised that the industry has the potential to ...