Government considering formulation of National Textiles policy

The Indian government is considering formulation of a National Textiles Policy in consultation with states.
In addition to existing markets, 12 new markets have been identified to boost opportunities in the export segment in textiles industry. It is the first time in the history of textile industry in India that embedded state and central taxes were refunded to textiles industry.

The government is also in the process of ensuring that the small exporters become mid-sized companies through interventions by various government ministries.

According to the textile minister, Smriti Irani, under the Amended Technology Upgradation Fund Scheme (ATUFS),
1,868 applications have been received from various industry partners who have said they have received an investment of ₹13,612 crore after the announcement of the ₹6,000-crore package.

The government has been diligently trying to follow up Free Trade Agreement (FTA) possibilities with nations which for years were never signed.

Under the comprehensive Integrated Skill Development Scheme (ISDS), a total of 11.14 lakh persons have been trained during 2010-11 to 2017-18 in various segment like textiles and apparel, jute, spinning, weaving, technical textiles, sericulture, handloom and handicrafts.