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Piyush Goyal urges industry to focus on innovation

Jul 19, 2021
Piyush Goyal urges industry to focus on innovation

India

According to Union Minister Piyush Goyal, the textile sector has great growth potential and it should be realised by using innovations, the latest technology and facilitation.

While reviewing initiatives undertaken by the textile ministry, Goyal said that the vision of an Aatmanirbhar Bharat can be realised by enhancing the productivity of local artisans and domestic industry. The textile minister also asked the concerned officials to put efforts to bring consistency in the quality of handloom and eliminate child labour from the sector. The sector contributes 2.3% to India's GDP, 7% of the total industrial output, 12% to the export earnings and employs more than 45 million people directly.

India is also the sixth largest producer of technical textiles, with a 6% global share and it is the largest producer of cotton and jute in the world. The country is the second-largest producer of silk in the world and 95 per cent of the world's hand-woven fabric comes from India.

Source: The Economic Times

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