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Announcement Of India Textile Ministry'S New Production Policy

2010/8/9 21:35:00 58

Textile Products

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 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:


(1) to improve the weaving and export competitiveness of downstream textile products.

cotton

In 2000, the cotton technology mission (TMC) was established by the government in terms of productivity and quality.


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) in order to provide world-class infrastructure, a public-private partnership (PPP) was introduced on the basis of the plan, 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 made ready-made garments, knitwear and

knitting

The industry is excluded 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 pformation fund plan and the SITP plan have entered the eleventh five year plan.

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