Business

Mechanisms set up to help textiles achieve full potential

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The Centre has established institutional mechanisms including an inter-ministerial synergy group and a task force to help the textile industry achieve its full potential of production, exports and employment. The inter-ministerial synergy group on Man-Made Fibre (MMF) headed by the textiles secretary and comprising, among others, senior officers from ministry of petrochemicals and department of heavy industries, will formulate policy interventions to enhance growth and competitiveness of MMF industry in India, an official statement said on Thursday.

It added that a steering committee has been set up “to oversee implementation of a Knowledge Network Management System (KNMS) to facilitate exchange of knowledge among academia, farming community and the industry on the productivity of natural fibres and diversification of their by-products. The KNMS on product diversification would cover jute, silk, wool and cotton." Besides, a task force chaired by the textiles secretary will “steer follow-up action on various outcomes of Textiles India 2017 (held in Gujarat from June 30 to July 2) for growth of the textiles sector.”

Printable version | Aug 11, 2017 2:03:57 AM | http://www.thehindu.com/business/mechanisms-set-up-to-help-textiles-achieve-full-potential/article19467444.ece