New textile policy may be finalised in next three months

Mumbai, Jun 12 () The much-awaited new textile policy is likely to be finalised in the next three months, a senior official said today. "After consultation is done with stakeholders we have finalised the draft. We are now trying to incorporate international response and output from foreign players at the forthcoming Textiles India-2017 conference, which will serve as input to our textile policy," Textiles Secretary

Anant Kumar Singh

told reporters at an

CII

event here. "There is no harm in having wider consultation. After having inputs, we will process and finalise the policy in next three months period", the officer added. The policy aims to achieve USD300 billion (over Rs 20 lakh crore) worth of textile exports by 2024-25 and create an additional 35 million jobs. According to Singh, the Centre is organising

Textile India Conclave

and Exhibition in

Gujarat

from June 30 to July 2, for the Indian textile and handicraft sector which will showcase the entire range of textile products from 'fibre to fashion'. It will be inaugurated by Prime Minister Narendra Modi, added Singh. The event will have over 1,000 stalls and will witness the presence of over 2,500 discerning international buyers, agents, designers, retail chains from across the world, and 15,000 domestic buyers. The three day event will include global conference with six themes, to be chaired by concerned Union ministers. The valedictory session will be presided by

Union Finance

minister Arun Jaitley. AP NRB
Stay informed with the latest Business News on Times of India. Explore updates on International Business, gain insights with Financial Literacy tips, and make use of Financial Calculators. Don’t forget to check the list of Bank Holidays in 2025, including Bank Holidays in January.


Ready to Master Stock Valuation? ET’s Workshop is just around the corner!