Ministry of Textiles plans to draft guidelines of National Textiles Policy which will be further forwarded to the union cabinet for approval next month.
Pushpa Subramanyam, secretary of Textiles Ministry says that the Centre is awaiting a formal request from the Telangana Government also the draft is almost ready.
She further added that after the Textiles India-2017, the document will be deepened with the more inputs from the event and it will be approved by the cabinet in July 2017. The policy aims to achieve $300 billion of textile exports by 2024-25 and create an additional 35 million jobs.The event is expected to be inaugurated by the Prime Minister Narendra Modi and attended by several union ministers and chief ministers of various states.
On the proposed Textile Park in Warangal, Pushpa Subramanyam mentioned that there is no dearth of funds for the project and there is 7 per cent growth in the textile and garment exports from India between July 2016 and April 2017 and in 2016 the total exports stood at $40 billion however, the Ministry is targeting $45 billion in 2017.
The officials are further waiting for the proposal from the state government to soon sanction it In a bid to boost textile industry