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23-May-2017

On the occasion of completing three years of Modi Government, textile minister Smriti Irani, held first ever official meet of the ministry and media in New Delhi and touched each and every aspect of the Indian textile industry and also highlighted government’s achievements.

She mentioned that Special Package of Rs. 6,000 crore which was announced last year has so far attracted investment worth Rs. 3,000 crore for the apparel industry. She further informed that in the period from July 2016 to February 2017, country's apparel  exports grew by 4.7 per cent.

Irani stressed on the upcoming ‘Textiles India 2017’ fair and averred that this event will be able to fetch lot of investment for the industry. About 25 countries will take part in this mega event. Irani said whatever announcements related to the textile industry were made by the Prime Minister Narendra Modi, her department has executed them on ground. She assured the industry that National Textile Policy will be put in public domain as well before finalization, though she didn’t give any indication on when it be rolled out.

The minister said textile department will soon announce a big package for knitwear industry. Under the Special Package, investment of around Rs. 3,000 crore has been made so far. Irani also had a meeting with Indian Army Chief to discuss how textile ministry can increase opportunity to meet Army’s needs. Rs. 5,800 crore subsidy has been given to the industry in past three years under Technology Upgradation Fund Scheme (TUFS), Irani added.

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