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Incentive package for knitwear soon: Irani

Textiles Minister Smriti Irani has confirmed that an incentive package for the knitwear sector in less than two months to help the industry cope with the “challenging times”, The much-awaited National Textile Policy may, however, take longer as it will be announced only after incorporating the inputs given by experts in the round tables planned at the Textile India 2017 event. Textile India 2017, which is positioned as the first global B2B textile and handicrafts event in India, will be held in Gandhinagar from June 30 to July 2.

Irani further commented that the hallmark is that is continuous consultations with people and the industry. Over the last 10 months the textile secretary, held consultations across sectors including knitwear, powerloom, handloom, handicraft, wool, jute and cotton and the company will come up with a package for the knitwear sector.Although the National Textile Policy had not yet been announced, the Ministry was not sitting idle and “in instalments we are already doing it, says minister.

The Centre announced a 6,000 crore special package for the textile and apparel sector in June 2016 to help create one crore jobs, mostly for women, over three years.On the new National Textile Policy, which seeks to introduce flexible labour laws, create integrated textile parks, attract higher investments and generate more jobs, the Minister indicated that one needed to wait a bit longer.

Additionally to this she commented that in the Textile India event, there would be about 20 round tables involving experts from the country and world over in diverse sectors, including man-made fibre, jute diversification and technical textile. When the experts give their opinion on the important sectors, they would come out with a plausible policy. Before finalising it they would display it in public domain.

 
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