The new textile policy aims to achieve $300 billion textiles exports by 2024-25 and envisages creation of additional 35 million jobs with focus on a three-pronged approach to boost the growth of Indian handicraft sector facing tough competition from international players.
The Textiles Ministry is currently engaged in consultation with stakeholders including states and working out the financial implications of the policy with its finance counterpart.
It had set up an expert committee headed by Ajay Shankar, member secretary, national manufacturing competitiveness council, for review and revamp of the textile policy 2000.
According to sources, the approach involves incentivising expansion of production base for quality manufacturing of handicraft products used for interior decoration and lifestyle purposes.
A senior Textile Ministry official said that they are focusing on promoting premium handicraft products for the niche market along with preservation and protection of heritage and endangered crafts.
Sunbrella is expanding its Sunbrella Plus marine shade collection, known for its superior UV protection and durability and is now…
Savio Macchine Tessili S.p.A., a leading Italian textile machinery manufacturer, has joined forces with the Recycling Atelier Augsburg as of…
KOLAB Collection is introducing its secondhand retail platform, LOOP, a circular fashion initiative designed to extend the lifecycle of KOLAB…
Siemens has announced an innovative partnership with Spinnova to advance fiber production in the textile industry and reshape global textile…
The Department of Polymer Materials Engineering at Shenkar has collaborated to develop innovative smart fibers as part of the "Future…
The US National Institute of Standards and Technology has created a detailed database cataloging the unique molecular properties of various…