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Related Keywords: after agriculture, boost to textile sector, Chief minister Yogi Adityanath, clusters of unit, facilitate private or government land, investors in the textile sector, offering a number of incentive, second largest employment provider, setting up units, textile complexes, textile sector, UP government is working on policy, Uttar Pradesh state

Textile sector is Uttar Pradesh state’s second-largest employment provider after agriculture, to give a boost to its textile sector the UP government is working on policy which will be offering a number of incentive to investors in the textile sector, said Chief Minister Yogi Adityanath.

According to the draft policy, the government will facilitate private or government land to investors for setting up their units. It will also give assistance in setting up textile complexes, clusters for units of small and medium sizes, as well as textile parks.

Related Keywords: budget beneficial for companies of big brands, did not mention about textile industry, not common entrepreneurs doing business for decades, powerloom modernization programme, rescue the industry from recession, second largest employment provider, seeking incentives from government to boost export, technical textile industry, Union budget

The Union Budget presented by finance ministry Arun Jaitley on 29 February did not mention about the textile industry, which is the second largest employment provider in the country after the agriculture sector, over which experts were surprised and said that the budget is beneficial for companies of big brands instead of the common entrepreneurs who have been doing business for decades.

Related Keywords: Confederation of Indian Textile Industry, Cotton Textiles Export Promotion Council, foreign trade policy, ignored cotton yarn sector, Indian textile industry, not address sector specific issue, on FTA, proposal to focus, second largest employment provider, SIMA, tariff reduction, Textile exporters, Textile mills

Textile industry is the second largest employment provider in the country and whose contribution to the country’s growth has been well recognized. But in terms of strengthening the manufacturing base, promoting exports and generating employment, has not got its dues in the Foreign Trade Policy. Textile mills have expressed disappointment over the foreign trade policy announcement as it does not address some of the sector-specific issues. While, Textile exporters feel let down by the new foreign trade policy (FTP), which they said has ignored the cotton yarn sector