Prime Minister Manmohan Singh has said the government will pay close attention to devise strategies to promote the textile industry. He added that there is a need to ensure a stable policy environment to support modernization through financing technology up-gradation.

“Our government has focused on three imperatives. One the need to ensure a stable policy environment, two the need to support modernization through financing technological upgradation, and three build global brands for Indian textiles,” the Prime Minister said.

Commenting that the rupee has created some strains for exporters, the PM said growth areas like technical textiles will be promoted to launch tech mission on technical textiles.

According to him, the challenge in the 11th Plan is to increase skill base to make the sector competitive. He added that responses are need in suggesting ideas of linking guaranteed unemployment for certain number of days in a policy framework.

The PM has asked the textile industry to deal with rupee strengthening challenges and improve competitiveness. He added that the government will ensure compliance with tax laws and environmental regulators.

“The strengthening of the rupee has created some strains for our exporters. However, I am sure you have the enterprise and the business acumen to deal with this challenge and improve competitiveness. These new growth areas which you have identified like technical textiles will be actively promoted,” he added.