In a move that would generate employment for thousands, Textile Minister Santosh Gangwar has approved setting up thirteen textile parks, entailing minimum investment of Rs 100 crore each. Additionally, Gangwar underscored that the subsidy amount of Rs 40 crore each will be provided by the Ministry. Further, the minister also highlighted that opening up of these textile parks would provide jobs to at-least 25,000 to 30,000 people since the industry is the second largest employment generator after agriculture.
Besides, Gangwar also called for a meeting of the state Textile Ministers on September 24, to seek their inputs on the new Textile policy and other related matters since the government aims to formulate a new improved Textile Policy to address concerns of adequate skilled work force, labour reforms, attract investments in the textile sector and provide a future road map for the textile and clothing industry.
Keeping in view the need for a road map for the textile & apparel industry, Textiles Ministry had initiated the process of reviewing the National Textile Policy, 2000. The key objectives of the new National Textiles Policy include developing a vision statement of the textile sector for the next decade to treble market share from the current 4% in the next decade.