Govt likely to issue new National Textile Policy before April 2016

Much awaited National Textile Policy is nearing finalization and is soon to be issued before the end of April 2016. Union Textiles Minister Santosh Gangwar on the sidelines of the 'Make in India' summit has said that the government may unveil the new national textile policy by April this year. The new policy aims to achieve $300 billion textile exports by 2024-25 and create an additional 35 million jobs.

The government is mainly focusing on manufacturing of value added products and export oriented goods that will benefit the economy. The policy is expected to accommodate a series of reforms to make India a truly manufacturing hub in textiles sectors so that Indian textiles players can take maximum advantages of the slowdown in Chinese textiles industry.

Expressing his confidence that the policy will be released during the upcoming Budget session of Parliament, Gangwar said that the consultations with all stakeholders are in progress. It also seeks to address concerns related to skilled workforce, labour reforms, attracting investments in the textile sector and providing a future road map for the textiles and clothing industry.  He said that the area specific schemes have been formulated for the entire textile value chain.

Keeping in view various domestic and international developments in the textile industry and the need for a road map, the Ministry of Textiles had initiated the process of reviewing the National Textiles Policy, 2000.