The Textile Ministry is going to bring a new textile policy soon to eliminate the dominance of China and Bangladesh from the country's textile market. In addition, under the policy, the production capacity of textile industry can be expanded at low cost. A number of new measures will be taken to compete Indian textiles globally, including global branding of Indian clothing, use of high technology in production and the ability to deliver large orders on time. Apart from this, there is also talk of changes in labor rules for the textile industry. According to T. Rajkumar, chairman of the Confederation of Indian Textile Industry (Citi), the global brand retail stores in India have a large number of garments from China, Bangladesh and Sri Lanka.
In addition, he told that in a meeting chaired by Textile Minister Smriti Irani, the branded retail stores had said that there are no big garment manufacturers in India to meet their demands. At the same time, those branded retail stores said that due to low cost and huge supply at the same time, they import apparel from China, Bangladesh and Sri Lanka for their stores in India. According to the ministry sources, the government wants India Become the global leader in the textile sector, so that not only India, but also retail sales of garments manufactured in India in retail stores around the world. Simultaneously, Sanjay Jain, MD, TT Textile, says, “For the last one month, there has been a lot of discussion on textile policy under the leadership of Ravi Kapoor, Secretary, Textile Ministry. Several rounds of meetings have been held with various stakeholders.
According to Citi, the new policy can attract attractive rules to attract foreign direct investment (FDI) in the textile sector as well as joint venture projects. At the same time, the proposed mega textile park will also have a provision to facilitate the establishment of integrated units of every sector of textile such as yarn, fabric and garment simultaneously. Infrastructure facilities like water, electricity, technical support can also be taken care of for manufacturing at low cost.
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