SME Times News Bureau | 03 Nov, 2021
The Government has set a strong aspirational goal of achieving $100 billion from
textiles exports in the next 5 years and we will remain committed to
ensure implementation of all development schemes and bring in many more
schemes in pursuit of this aspiration, said Darshana Vikram Jardosh,
Minister of State for Textiles, Ministry of Textiles, Government of
India.
Government has already announced MITRA scheme to attract new
investments and build mega textile parks in the country. Other
significant programs including the launch of PLI scheme for achieving
manufacturing excellence and RoDTEP for enhancing export competitiveness
will help India to position it as a global leader in the sector.
The Minister was speaking at the inauguration of TEXCON: The
13th edition of the International Conference on Textiles & Apparel
organized by the Confederation of Indian Industry today.
A special
CII-Kearney report was also released on “Creating a competitive
advantage for India in the global textiles and apparel industry”. The
report covers the entire textile value chain and highlights the
imperatives for both government and industry to bring global positioning
for the sector.
Speaking on the occasion, Upendra Prasad Singh, Secretary,
Ministry of Textiles said that the Government is making all efforts to
proactively address the challenges and facilitate the creation of an
enabling environment for the growth and development of the Textiles and
Apparel sector.
“We are capable to meet the domestic as well as the
global market demands. I would like to urge the industry to take full
advantage of the present global market shifts in establishing the
excellence and prominence of India globally.”
Dilip Gaur, Chairman, CII National Committee on Textiles and
Apparel & Managing Director, Grasim Industries Limited, Aditya Birla
Group said, achieving breakthrough growth in Indian textiles will imply
doubling down on multiple areas. The key ones include increasing share
in MMF fiber and yarn, become regional leaders in apparel and fabrics
and further augmenting India’s position as global home textiles leader.
“Government of India has already shown strong commitment to this sector
by launching multiple mega schemes in recent times which set a very
positive tone for the future and to energize all industry stakeholders
to take necessary steps forward in achieving the goals”, he added.
Kulin Lalbhai, Co-Chairman, CII National Committee on Textiles and
Apparel & Executive Director, Arvind Ltd said, “The growing
sentiment around “China plus one” sourcing is a golden opportunity for
Indian textiles to stage a turnaround and gain back its leadership
position as a lead exporting economy.”
India is much better placed to
maximize this opportunity as compared to competitors like Vietnam and
Bangladesh because of India’s strategic depth, he added.