National Fibre Policy to be included in 12th Plan

Top Stories

»	49% Indian startups now from tier 2, 3 cities: Jitendra Singh
»	'India ranks 3rd in global startup ecosystem & number of unicorns'
»	Tripura exported over 9K tonnes of pineapples in 2 years
»	CPI inflation eases to 6.71% in July, IIP falls to 12.3%
»	Rupee depreciates 12 paise to close at 79.64 against US dollar

Saurabh Gupta | 01 Dec, 2011
The National Fibre Policy would now be included in the 12th Five Year Plan, Textiles Secretary, Rita Menon told media on Wednesday. The National Fibre Policy is being formulated for boosting and taking adequate care for sustainable growth and future of man-made fiber, yarn and fabric industries in India.

"The National Fibre Policy is now embedded in the 12th Plan submission, that was the idea, so though it is lying somewhere in the Cabinet Secretariat. We put the policy with our submission to the 12th plan. More notably in the fileds like hand-loom, technical textile etc," Menon said on the sidelines of a National Seminar on ‘Role of Standards in Promotion of Technical Textiles’ organized by FICCI in New Delhi .

The comprehensive policy for ensuring growth and sustainability of the fibre industry has been pending with Cabinet since 2010.

The policy could not be notified in 2010 after several departments cited the unpredictability of taxes in coming fiscal years.

The government had formulated a draft National Fibre Policy with a decadal perspective of the 2010-20 period to place India firmly on the world fibre map. The placed National Fibre Policy would get the industry back on the 7-8 percent growth momentum and generate employment for one crore people.

Amid volatility in interest rates, Menon said, "We would like to support the weaving, processing, finishing and garments and to a limited extent spinning in the next Plan."

Emphasizing on the need for greater exposure of hand-loom and handicraft products in the domestic retail sector, she said craftsmen have to transform themselves into micro entrepreneurs.