With the textile industry’s strong demand to reduce hank yarn obligation, the Textile Commissioner, Kavita Gupta plans to take up a study of the actual hank yarn requirement in the country. She said that they are also trying to create a data base for different segments of the textile industry.
Regarding the Technology Upgradation Fund Scheme (TUFS), Ms. Gupta said that there was a proposal to modify the scheme and the review was under progress.
On the export front, the Textile Commissioner said that the industry needs to focus on improving competitiveness and diversifying market to increase exports.
The industry should work on technical textiles and research and development. Some of the areas of focus are technical textiles, promoting research and development, obtaining patent for products developed by the Centres of Excellence, and putting a monitorium mechanism in place.
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