Coimbatore: To make Indian textile industry, a true global leader by improving its competitiveness, bridging the technology gap, encouraging sustainability and creating global brands for Indian textiles and clothing products, the Ministry of textiles has been conducting series of meetings for each segment and is in the process of drafting the policy, according to a release from Confederation of Indian Textile Industry (CITI).
Coimbatore: To make Indian textile industry, a true global leader by improving its competitiveness, bridging the technology gap, encouraging sustainability and creating global brands for Indian textiles and clothing products, the Ministry of textiles has been conducting series of meetings for each segment and is in the process of drafting the policy, according to a release from Confederation of Indian Textile Industry (CITI).
Recalling the recent meeting with the stakeholders from textile industry with Secretary (Textiles), Ravi Capoor and the senior officials of various State governments on February 17, T Rajakumar, Chairman CITI informed that discussions were held regarding the proposal for setting up a Mega Textile Park.
In a press release issued here today, T.Rajkumar, Chairman, CITI appreciated the unique initiative of encouraging scale of operation through the Mega Textile Park scheme. He stated that the flagship programme of TUF Scheme had attracted over Rs.4 lakh crores during the last two decades, the scheme for integrated textile parks, enabled the power loom sector and few other decentralized sectors to consolidate in different clusters and go for modern technology. In addition to a few large players also could take advantage of SITP, he noted.
CITI Chairman has said that the country has been suffering from the scale of operation and the new entrants like Bangladesh, Vietnam, etc., could grab the space vacated by China due to scale of operation and cost competitiveness.
He pointed that at the global brands meeting chaired by the Union Textile Minister, most of the brands having retail in India had stated that they had to import from countries like China, Bangladesh and Sri Lanka due to volume and cost advantage.
They also stated that India does not have large players to meet their demands. Rajkumar has stated that the Central Government is making efforts to attract FDI, joint venture projects and also encourage large vertically integrated textile giants in the country to make investments in the proposed Mega Textile Parks by setting up of a large scale vertically integrated textile manufacturing units.
He said that the Government is contemplating to extend maximum support for the infrastructure facilities including land by the State governments, water, power, road connectivity, special priority in the port, relaxation in labour laws, etc., and the government is planning to market the scheme in different countries to attract FDI and joint venture projects jointly with the State Governments. He concluded that the proposed Mega Textile Park scheme would throw more opportunities for the textile industry to cater to domestic markets and also the international market.
Disclaimer: This news is carried based on a press release from the organisation.
Recalling the recent meeting with the stakeholders from textile industry with Secretary (Textiles), Ravi Capoor and the senior officials of various State governments on February 17, T Rajakumar, Chairman CITI informed that discussions were held regarding the proposal for setting up a Mega Textile Park.
In a press release issued here today, T.Rajkumar, Chairman, CITI appreciated the unique initiative of encouraging scale of operation through the Mega Textile Park scheme. He stated that the flagship programme of TUF Scheme had attracted over Rs.4 lakh crores during the last two decades, the scheme for integrated textile parks, enabled the power loom sector and few other decentralized sectors to consolidate in different clusters and go for modern technology. In addition to a few large players also could take advantage of SITP, he noted.
CITI Chairman has said that the country has been suffering from the scale of operation and the new entrants like Bangladesh, Vietnam, etc., could grab the space vacated by China due to scale of operation and cost competitiveness.
He pointed that at the global brands meeting chaired by the Union Textile Minister, most of the brands having retail in India had stated that they had to import from countries like China, Bangladesh and Sri Lanka due to volume and cost advantage.
They also stated that India does not have large players to meet their demands. Rajkumar has stated that the Central Government is making efforts to attract FDI, joint venture projects and also encourage large vertically integrated textile giants in the country to make investments in the proposed Mega Textile Parks by setting up of a large scale vertically integrated textile manufacturing units.
He said that the Government is contemplating to extend maximum support for the infrastructure facilities including land by the State governments, water, power, road connectivity, special priority in the port, relaxation in labour laws, etc., and the government is planning to market the scheme in different countries to attract FDI and joint venture projects jointly with the State Governments. He concluded that the proposed Mega Textile Park scheme would throw more opportunities for the textile industry to cater to domestic markets and also the international market.
Disclaimer: This news is carried based on a press release from the organisation.