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Related Keywords: CAGR, FICCI, Kiran Soni, Santosh Kumar Gangwar, Technical textile, TECHNOTEX, Union Minister for Textiles

India sees huge potential for the technical textile sector as sector is expected to grow at 20 percent per annum during the next two years, said Union Minister for Textiles Santosh Kumar Gangwar.

Government recognizing the importance of technical textiles in the national economy as well as the potential for increasing production and exports in the sector will be organizing the fourth edition of TECHNOTEX. FICCI in collaboration with the Ministry of Textile, will be holding the event in Mumbai next year from 9 to 11 April.

Related Keywords: build more cluster, cotton farmers, debate in Lok Sabha, new textile policy, Santosh Kumar Gangwar, Textile Minister, Textile undertakings Laws Bill 2014

Textile Minister Santosh Kumar Gangwar on Monday replying to a debate in the Lok Sabha on the Textile Undertakings (Nationalisation) Laws (Amendment and Validation) Bill, 2014, said that government was keen to take the country forward in textile sector.

The government will bring in a new textile policy by next month and seek to build more clusters in the country,

In his reply to the debate, Gangwar thanked the members for their interest in the issue and wide participation in the debate and said the government was moving forward with slogan of "development for all".

Related Keywords: 13 textile parks, Indian textile industry, investment Rs100 crore, Minister of state for textiles, new textile policy, Santosh Kumar Gangwar, treble market share

The Minister of State (Independent Charge) for Textiles Santosh Kumar Gangwar approved setting up of 13 textile parks for which investment proposals of miniumum Rs100 crore will be considered, this move is expected to generate jobs for at least 2,500 to 3,000 people.

Subsidy amount of 40 crore each will be provided by the Ministry, said Gangwar. After agriculture, it is the textile industry which generates maximum employment

Gangwar has called for a meeting of the state Textile Ministers on 24 September, to seek their inputs on the new Textile policy and other related matters.

Related Keywords: Bhagwat Sharma Gangwar, coats, designing and manufacturing, in Bareilly, jackets, jeans, mega textile cluster, readymade garment units, Santosh Kumar Gangwar, stitching shervanis, Union minister of textile, UP minister for textile

Union minister of state for textiles Santosh Kumar Gangwar (BJP) and UP minister for textiles, Bhagwat Sharna Gangwar (SP) have come together to set up a mega textile cluster in Bareilly, the city with immense potential in the field of textile designing and manufacturing.

To implement this idea, both Gangwars want credit for their respective governments and urgently needs government intervention to tap the market.

Related Keywords: High qulaity infrastructure, Santosh Kumar Gangwar, textile and clothing sector, Textile parks, textile venture capital fund, Tirupur Exporters Association, Union Minister of state for Textiles

Union Minister of State for Textiles Santhosh Kumar Gangwar on Sunday at the 25th year celebrations of the Tirupur Exporters’ Association announced that the Government is planning to announce 25 more textile parks shortly to provide high quality infrastructure for the textiles and clothing sector.

These 25 projects are to be from the 49 proposals received now before the Ministry, seeking approvals for setting up the textile parks. The applications are being examined.

Related Keywords: announce national textile policy, draft textile policy, fine tune, garment sector, Mahatma Gandhi National Rural Employment Guarantee Scheme, Santosh Kumar Gangwar, Textile ministers of all states, Textile Ministry, Textile Park, Tirupur Exporters Association, Union government

A meeting of textile ministers of all states would be convened in September end to fine tune the draft textile policy, so that the Union government can soon come out with a national textile policy, Minister of State for Textiles Santosh Kumar Gangwar said at the inauguration of the silver jubilee celebrations of Tirupur Exporters’ Association (TEA) in Tirupur.

A textile venture capital fund would be set up with an initial capital of Rs. 35 crore, which would be scaled up further, the MoS said.

Related Keywords: Clothing Manufacturers Association of India, india textile export, National Garment Fair, Santosh Kumar Gangwar, Technology Upgradation Fund Scheme, textiles minister

Santosh Kumar Gangwar India's textiles minister while inaugurating the 59th National Garment Fair (NGF), organised by the Clothing Manufacturers' Association of India in Mumbai stated that textile has huge potential and there will be everything in place to improve its exports.

The 59th NGF is India's biggest apparel trade show with 730 brands on display and is expected to generate a business of around Rs 500 crore.