Published: Tue, June 06, 2017
Entertaiment | By Lawrence Myers

Textile Ministry finalising draft guidelines of National Textiles Policy

Textile Ministry finalising draft guidelines of National Textiles Policy

About 1,000 global and domestic exhibitors and 2,500 buyers from various countries are expected to take part, said Pushpa Subrahmanyam, Additional Secretary in the Union Ministry.

The event will be inaugurated by Prime Minister Narendra Modi. If reports are to be believed, a number of potential players in textiles industry at the national and worldwide levels are awaiting the policy to invest and participate in production at Warangal textiles park.

Textiles Ministry Additional Secretary Pushpa Subrahmaniam said the Union Ministry has completed consultations with the stakeholders and outreach sessions with the industry on the issue and the policy would be ready soon. We are nearly ready (with the draft). After adding inputs from the Textiles India 2017 fair this month, the policy is likely to be put for Cabinet approval next month, a senior official said.

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The event, she said, is being planned to ensure that the annual calender of the global exhibitions would also figure India which is one of the largest markets in the world.

"The exhibition - Textiles India 2017 - will showcase India's strength in textiles and apparel value chain from fibre to fashion".

Speaking about the proposed Textile Park in Warangal, Subramanyam said, "We are waiting for the proposal from the state government".

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On the proposed Textile Park in Warangal, she said there is no dearth of funds for the project.

The National Textiles Policy is expected to aim at achieving $300 billion textile exports by 2024-25, and thereby creating around 35 million new employment opportunities.

In a bid to boost textile industry, the State Government had proposed to set up a fibre to fabric textile park in Warangal.

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