Moneycontrol
Get App
Last Updated : Dec 17, 2019 07:41 PM IST | Source: PTI

Centre seeks suggestions for new National Textile Policy

The formulation of the new policy has been under consideration for some time now. In 2016, then textiles minister Santosh Gangwar had said the new policy will envisage creation of additional 35 million jobs.

Representative image
Representative image

The textiles ministry has sought suggestions for formulating the much-awaited new National Textile Policy for the next 10 years, which will envisage positioning India as a fully integrated, globally-competitive manufacturing and exporting hub. The policy will entail the strategy and action plan for the country's textile and apparel sector.

Last month, Textiles Minister Smriti Irani said in the Rajya Sabha that the Centre is considering formulation of the National Textiles Policy after consultations with states.

The formulation of the new policy has been under consideration for some time now. In 2016, then textiles minister Santosh Gangwar had said the new policy will envisage creation of additional 35 million jobs.

Close

The existing National Textile Policy 2000 was framed about 13 years ago. Since then, the industry has undergone various changes on the domestic and international front. The domestic textile industry has seen large-scale modernisation and technological up-gradation in the last decade and faces new challenges.

"The Ministry of Textiles, Government of India, is in the process of formulating a New Textile Policy for the next decade. This will include vision to position India as a fully integrated, globally competitive manufacturing and exporting hub, strategy and action plan for Indian textile and apparel sector," according to the ministry's website.

Exclusive offer: Use code "BUDGET2020" and get Moneycontrol Pro's Subscription for as little as Rs 333/- for the first year.

First Published on Dec 17, 2019 07:30 pm
Sections
Follow us on