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Related Keywords: attract investments, available in India, Chinese entrepreneurs, focused on investment opportunities, Gaoyou a country level industrial hub, garment, hundred Chinese firms took part, local companies from Gaoyou, Make in India Business Forum, organized by the Indian Consulate of Shanghai, Textile, textile machinery

The Make in India Business Forum focused on the investment opportunities available in India for Chinese entrepreneurs was organized by the Indian Consulate of Shanghai yesterday at Gaoyou a country level industrial hub to attract investments where about 100 Chinese firms took part.

Local companies from Gaoyou from sectors like textile, garment, textile machinery, photovoltaic cells, electrical appliances, renewable energy, real estate and construction participated at the seminar.

Related Keywords: achieve USD three hundred billion textiles exports, address adequate skilled work force, approval from Cabinet, attract investments, create thirty five million jobs, labour reforms, New national textile policy, road map, textile sector, Textile and Clothing industry, Textile Ministry, Union Minister Santosh Gangwar

Textiles Ministry to seek approval for the new national textile policy from Cabinet for which they will be approaching the Cabinet in 10-15 days, said Union Minister Santosh Gangwar today.

The new policy aims to achieve USD 300 billion textiles exports by 2024-25 and envisages creation of additional 35 million jobs.

The policy also aims to address concerns of adequate skilled work force, labour reforms, attract investments in the textile sector, and to provide a future road map for the textile and clothing industry.

Related Keywords: Apprenticeship Act 1961, attract investments, employee interest, Factories Act 1948, Labour Laws, Labour laws 1988, textiles and garments, Union Cabinet

The Union cabinet on Wednesday approved amendments to three outmoded labour laws that is the Factories Act 1948, the Apprenticeship Act 1961 and Labour Laws which exempted from furnishing returns and maintaining of registers by certain establishments 1988, that acted as an obstacle to faster growth and hurt employee interests.
 
This is the first step and is perhaps the biggest reforms in nearly 44 years. It is a huge step and gives positive signal about the government’s intention to attract investment.