New textile policy await Cabinet approval

YarnsandFibers News Bureau 2016-01-12 17:15:00 – New Delhi

Textiles Ministry to seek approval for the new national textile policy from Cabinet for which they will be approaching the Cabinet in 10-15 days, said Union Minister Santosh Gangwar today.

The new policy aims to achieve USD 300 billion textiles exports by 2024-25 and envisages creation of additional 35 million jobs.

The 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.

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

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