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New textile policy to be finalised in next three months

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The much-awaited new is likely to be finalised in the next three months, a senior official said.

New textile policy to be finalised in next three months
The policy aims to achieve over Rs 20 lakh crore worth of textile exports by 2024-25 and create an additional 35 million jobs

“After consultation is done with stakeholders we have finalised the draft. We are now trying to incorporate international response and output from foreign players at the forthcoming Textiles India-2017 conference, which will serve as input to our textile policy,” Textiles Secretary was quoted by PTI as saying.

“There is no harm in having wider consultation. After having inputs, we will process and finalise the policy in next three months period”, the officer was further quoted by PTI as saying.

According to a PTI report: The policy aims to achieve US $300 billion (over Rs 20 lakh crore) worth of textile exports by 2024-25 and create an additional 35 million jobs.

According to Singh, the Centre is organising Textile India Conclave and Exhibition in Gujarat from June 30 to July 2, for the Indian textile and handicraft sector which will showcase the entire range of textile products from ‘fibre to fashion’.

It will be inaugurated by Prime Minister Narendra Modi, added Singh.

The event will have over 1,000 stalls and will witness the presence of over 2,500 discerning international buyers, agents, designers, retail chains from across the world, and 15,000 domestic buyers.

The three day event will include global conference with six themes, to be chaired by concerned Union ministers.

The valedictory session will be presided by Union Finance minister .