India to position itself as global MMF hub

India
is working on major interventions to position the country as a global hub in
the man-made fibre (MMF) and technical textiles segments, including setting up
five integrated mega textiles parks, a world-class testing lab and starting a
Focused Product Scheme, according to textiles secretary Ravi Capoor, who
recently said India must explore the $150-billion global MMF market.

He
said his department is in talks with the department of higher education for
introduction of courses in universities and technical institutions like
engineering colleges for creation of specialised manpower in the MMF and
technical textiles segments, according to Indian news reports.

Addressing
a virtual Confederation of Indian Industry (CII) conference, Capoor said an
evaluation study led by Niti Aayog on the Technology Upgradation Fund Scheme
(TUFS) of the textiles ministry has revealed that India imports Rs 13,000 crore
worth machinery and India has reached nowhere in terms of technology
upgradation except in the spinning segment.

He
said the government is also willing to offer capital investment subsidy for
setting up machine manufacturing plants to textile industry players interested
in forging joint ventures, provided the foreign partner agrees to supply
machines to domestic firms at a particular price.

The
Focused Product Scheme offering production-linked incentives was ‘almost ready’
and will lay special emphasis on the MMF and technical textiles segments, he
said.

He
also said the ministry will soon consult industry players on the new textiles
policy, which lays out the future roadmap for India to move ahead in the
sector.