NTP To Address Key Issues

NTP To Address Key IssuesTextiles minister, Santosh Kumar Gangwar said that NTP is expected to address many critical issues facing the sector and steps like labour reforms, skill upgradation and faster customs clearances will help manufacturing become globally competitive.

An expert panel constituted by the government last year had submitted the draft of the new policy, which aims to achieve 300 billion US Dollar exports by 2024-25 and create additional 35 million jobs by attracting investments.

Gangwar at Ficci conference in New Delhi recently, stressed that the textile ministry needs to create jobs and upgrade skills of workers. “Unfortunately, in this country we have more engineers but there is woeful shortage of skilled people,” he said.

Gangwar said the ministry was ensuring that work on 20 textile parks is expedited and the technology upgradation plan given a fillip through investment of Rs 4,000 crore.

The textile sector had criticised the government’s new Foreign Trade Policy for ignoring its concerns and not doing enough to promote its growth.

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