Union Textiles Ministry approved setting up of 13 textile parks
Union Textiles Ministry on 18 September 2014 approved setting up of 13 textile parks.
Union Textiles Ministry on 18 September 2014 approved setting up of 13 textile parks. This move will help generate thousands of jobs in the country.
The investment proposal of minimum 100 crore rupees will be considered for each park. However, the subsidy amount of 40 crore rupees for each park will be provided by the Ministry.
An industrial park will provide jobs to at least 2500 to 3000 people as the textile industry generates maximum employment after agriculture.
Besides, the Textile Ministry also called a meeting of State Textile Ministers on 24 September 2014 to seek the inputs on new National Textile Policy.
Draft Vision, Strategy and Action plan of the new National Textile Policy
Seeing the changes in the textile industry on the domestic and international fronts, the Textiles Ministry had initiated the process of reviewing the National Textile Policy (NTP), 2000. Ministry in June 2013 appointed an Expert Committee headed by Ajay Shankar to review the NTP, 2000 and recommend a new National Textile Policy.
According to the draft Vision, Strategy and Action plan of the new Textile Policy, the overall aim of the new Textile policy would be to address concerns of adequate skilled work force, labour reforms, attract investments in the textile sector and to provide a future road map for the textile and clothing industry.
The key objectives of the new National Textiles Policy include developing a vision statement of the textile sector for the next decade to treble market share from the current 4 percent in the next decade.
About National Textile Policy, 2000
Government of India passed the National Textile Policy in 2000. The policy aimed at developing a strong and vibrant Textile industry that can:
• Achieve the target of textile and apparel exports from the present level of 11 billion US dollar to 50 billion US dollars by 2010 of which the share of garments will be 25 billion US dollars.
• Produce cloth of good quality at acceptable prices to meet the growing needs of the people
• Increasingly contribute to the provision of sustainable employment and the economic growth of the nation
• Compete with confidence for an increasing share of the global market.
• Achieve increase in cotton productivity by at least 50 percent and upgrade its quality to international standards