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Related Keywords: Indian textile policy, investment in textile sector, new textile policy, textile exports of India, textile exports target of India, textile parks in India, textile sector of India, textiles minister

Union Textiles Minister Santosh Kumar Gangwar said that New National Textile Policy is to be issued before the end of April, 2016 during the budget session of the Lok Sabha.

The new policy sets a target to achieve $300 billion (nearly Rs 20.50 lakh crore) textile exports by 2024-25 and generate employment opportunities with an additional 35 million jobs.

The policy is expected to accommodate a series of reforms to make India a truly manufacturing hub in textiles sectors so that Indian textiles players can take maximum advantages of the slowdown in Chinese textiles industry.

Related Keywords: domestic textile industry, dyeing, export promotion body Enterprise Mauritius, exports, fashion hub, higher end production, investment in textile sector, knitting and finishing capacity., manufacturing operations, Mauritian garment and textiles industry marketing centre, spinning plants, value chain, verical integration

Mauritian garment and textiles industry leaders are dreaming big and seeking to make the country into a marketing centre and fashion hub after seeing many of Mauritius's largest companies continuing to grow due to vertical integration that allows them to control value chains. They have been investing in technology and training, moving to higher-end production and shifting manufacturing operations to cheaper destinations. While, the domestic textile industry has been declining.

Related Keywords: aim to achieve textile exports, create additional jobs, domestic and international front, expert committe, investment in textile sector, New national textiles policy, road map, Santosh Gangwar, skilled work force, Textile Minister, Textile parks

India’s new national textiles policy is being finalized which aims to achieve USD 300 billion textiles exports by 2024-25 and envisages creation of additional 35 million jobs.

The Textiles Ministry has set up an expert committee headed by Ajay Shankar, member secretary, national manufacturing competitiveness council for review and revamp the textile policy 2000.