The Indian government is considering formulation of a National Textiles Policy in consultation with states, textiles minister Smriti Irani told parliament upper house on November 21 while replying to a question.

Twelve new markets have been identified apart from the existing markets to boost opportunities in the textile export segment, she informed.

"We are also in the process of ensuring that the small exporters become mid-sized companies through interventions by various government ministries," the minister said.

Under the Amended Technology Upgradation Fund Scheme (ATUFS), 1,868 applications have been received from various industry partners who have said they have received an investment of ₹13,612 crore after the announcement of the ₹6,000-crore package, she informed the house.

The government has been diligently trying to follow up free trade agreement (FTA) possibilities with nations which for years were never signed, a news agency report quoted the minister as saying.

Under the comprehensive Integrated Skill Development Scheme (ISDS), a total of 11.14 lakh persons have been trained during fiscal 2010-11 to 2017-18 in various segment like textiles and apparel, jute, spinning, weaving, technical textiles, sericulture, handloom and handicrafts.

Published On : 22-11-2019

Source : Fibre 2 Fashion