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India’s new national textiles policy currently under finalization

YarnsandFibers News Bureau 2015-05-11 11:00:00 – New Delhi

India’s new national textiles policy is being finalized which aims to achieve USD 300 billion textiles exports by 2024-25 and envisages creation of additional 35 million jobs.

The Textiles Ministry has set up an expert committee headed by Ajay Shankar, member secretary, national manufacturing competitiveness council for review and revamp the textile policy 2000.

Textiles Minister Santosh Gangwar in his written reply to the Rajya Sabha mentioned that the expert committee has since submitted a draft vision, strategy and action plan. The new National Textiles Policy, is currently under finalization.

Keeping in view various changes in the textile industry on the domestic and international fronts and the need for a road map for the textile & apparel industry, Ministry of Textiles had initiated the process of reviewing the National Textile Policy, 2000.

So far 70 textiles parks have been approved throughout the country. Necessary action is taken in consultation with state governments to ensure that the sanctioned parks are completed in time and textile commissioner has been directed to monitor this on regular basis, extend necessary guidance and support for completion in time.

Import duty on raw silk is continued at 15 per cent. Raw silk imports during April-February 2014-15 were 3,189 tonnes, as against production of 28,474 tonnes.

The new policy also aims 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.

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