BusinessFEATUREDLatestNewsTOP NEWS STORIESTOP STORIES

Self-sufficiency In Textile: From Machine To Man-made

Self-sufficiency in textile: from machine to man-made fiber in India. The entire format for becoming self-sufficient in the textile sector has been prepared.

From machines used in the textile sector to man-made fiber, it will be manufactured in India. The Ministry of Textiles is going to launch the Focus Products Scheme soon. Preparations are also being made to give incentives for the use of man-made fiber.

According to the Ministry of Textiles, the domestic textile market in India is worth $ 150 billion. In this sector, 4.5 crore people are directly employed and 5.5 crore people are indirectly employed.

According to Textile Ministry Secretary Ravi Kapoor, India is dependent on imports to meet the requirements of textile machinery. 75% of the textile machinery used in India is imported.

According to Kapoor, there are plans to build two textile machinery manufacturing parks to eliminate dependence on imports. Textile machinery has a market of two billion dollars annually.

Describing the Japanese investors as preparing the government for Indian textiles, Kapoor said that India is preparing itself as a big player in the field of man made fiber and technical textiles.

Technical textiles are used in many fields ranging from industry to agriculture and road construction. Cotton-based fabrics are currently produced more in India, while the trend of man-made fibers is increasing rapidly in the world.

Kapoor said that the ministry is finalizing the plan for the mega textile park. He also spoke of building an Indo-Japan Textile Park for Japanese investors. He said that there will be construction from machinery to apparel in this park.

It will be a fully integrated park with all facilities. The park will be built near the seaport so that the products manufactured here can be easily exported.

Kapoor told Japanese investors that the government could run the Tokyo-Tirupur partnership program for them. Tirupur is the largest hub for Indian garment exports. Having a Tokyo Tirupur partnership will open Japan’s garment market to India.

At present, Japan imports very little garment from India due to many shortcomings in Indian garment. According to the demand of export, a plan is being prepared to give incentives to the manufacturers of the product.

Leave a Reply

Your email address will not be published. Required fields are marked *

Copyright © 2023 ANN All Rights Reserved