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Indian-Commodity  :  Economy  :  Govt sets up 3 institutional mechanisms to realise full potential of textiles sector

Govt sets up 3 institutional mechanisms to realise full potential of textiles sector (11-Aug-2017)

In order to enable the textile industry achieve its full potential of production, exports and employment, the government has set up institutional mechanisms including a Steering Committee, an Inter-Ministerial Synergy Group and a Task Force. These mechanisms will synergize efforts of the Ministry of Textiles, related Ministries and state governments to achieve the aim of the government.

The government in a notification said that it has received several recommendations for this, which is being carry forwarded to form institutional mechanisms including relevant Ministries, State Governments and Industry partners.  The government has set up a Steering Committee to oversee implementation of a Knowledge Network Management System (KNMS) to facilitate exchange of knowledge amongst academia, farming community and the industry on the productivity of natural fibres and diversification of their bye-products.

A Task Force has been set up to steer follow-up action on various outcomes of Textiles India 2017 for growth of the textiles sector, while an Inter-Ministerial Synergy Group on Man-Made Fibre (MMF) would formulate policy interventions to enhance growth and competitiveness of MMF industry in India.


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