BUSINESS

‘New textiles policy aims at 35 million jobs’

The Central government will unveil a new national textiles policy next month that seeks to create 35 million new jobs by attracting foreign investments, a senior ministry official said on Monday. “The new national textiles policy aims at creating 35 million new jobs by attracting foreign investments. The policy will be announced in July after the Cabinet approval,” Textiles Secretary S. K. Panda told reporters after inaugurating the 61{+s}{+t}National Garment Fair here.

An expert panel had submitted the draft of the new policy, which aims at addressing concerns over lack of enough skilled workforce and labour reforms besides attracting investments and providing a roadmap for the textile and clothing industry.

The panel was constituted last year. The Ministry has also sought Rs.12,000 crore for the Technology Upgradation Fund (TUF) scheme for the ongoing 12{+t}{+h}Plan (2012-17), he said. The government is also considering setting up modern apparel garment manufacturing centres in each of the seven north-east States. “We have decided to establish one modern apparel garment manufacturing centre in every north-eastern State. The Centre will spend Rs.20 crore for this new programme,” the Secretary added. — PTI



The Centre is also considering setting up modern apparel garment manufacturing centres in each of

the seven

north-east States.



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