Textile Department: India Textile Is Expected To Make New Policy.

In order to achieve Textile export Diversifying and reducing the dependence of many European and American markets, the India government is promoting an export policy system that covers all potential markets, including East and Southeast Asian countries.

The vision of this policy is not only to find new markets, but also to attract direct foreign investment. The government is promoting large-scale textile exhibitions in those countries with market potential, showing the entire textile value chain of India and displaying the overall situation of India's textile and garment industry. All textile export promotion committees will attend these large-scale exhibitions to showcase the harmonious image of India. Several large fairs have been held in 2008, 2009 and this year.

　　 India textile The Ministry said that the government has taken many measures, including various policies, to ensure the modernization and sustainable growth of India's textile and garment industry. The measures are as follows:

First, in order to improve the competitiveness of weaving and export of downstream textile products and improve the productivity and quality of cotton, the cotton technology mission (TMC) was set up in 2000.

Two) in order to promote the modernization and equipment renewal of organized and unorganized textile industry, the government launched the technology upgrading fund plan (TUFS) in 1999. After further adjustment, the plan has increased the rapid investment in the textile industry.

Three) for the sake of Equipment On the basis of the plan, a public and private partnership (PPP) was introduced on the basis of the world-class infrastructure, namely, the introduction of comprehensive textile Garden (SITP) in August 2005.

Four) the fiscal tax structure is generally rationalized, aiming at achieving the National Continuous budget growth and the maximum growth after 2004-05.

Five) the government has allowed automatic passage of foreign direct investment in the textile industry 100%.

Six) the government has eliminated clothing, knitwear and knitting industries from small industries, which can encourage large-scale investment in these industries.

Seven) the National Institute of Fashion Technology (NIFT) has been established, and the Institute will play a leading role in training the professional talents to manage the industry and enhance the sense of value added in the industry. As a result, the demand for trained professionals is increasing in all industries.

Eight) the government has conceived a comprehensive skills development plan, which will start training at all levels in the textile and garment industry.

The Ministry of textiles said that the government has been monitoring the implementation of the plans for a long period of time and revising the views as required. The technology transformation fund plan and the SITP plan have entered the eleventh five year plan.