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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.
