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Textile industry to be biggest winner of demonetisation: Smriti Irani

Textile industry will be the biggest winner of demonetization, believes Smriti Iran as workers will get minimum wage thanks to new 'transparent' digital payments. Workers in the textile industry will be among the biggest beneficiaries of the Centre's demonetisation move, Union minister Smriti Irani has said.

Speaking at the Mail Today Make in India Fashion Summit, she also credited Prime Minister Narendra Modi for making khadi ’cool’ again. The event, held in New Delhi, treated fashion enthusiasts to a day of stirring discussions as well as the latest buzz in couture and policy-making with star-studded panels comprising leading politicians and designers.

Getting paid through digital payment s will end uncertainties on whether a labourer was getting at least the minimum wages. Earlier labourers used to complain about not getting their dues as decided and there was no record that showed whether they were getting at least the minimum wages, the minister averred. The session entitled ‘Reinventing Khadi - Fabric of the Future’ saw panelists dispelling various myths about the hand-spun cloth while also focusing on its road to the global platform. Khushboo Aggarwal, Creative Head at Ritu Beri Designs, explained khadi is aptly named 'vichitra vastra' because it isn't just a fabric but a serious thought. Union minister Kalraj Mishra said khadi has once again gained prominence among the masses just like it had during the Independence struggle.