Piyush Goyal: Need to reduce textile machinery imports

Piyush Goyal: Need to reduce textile machinery imports

Union Minister Piyush Goyal has called for developing 100 Indian textile machinery champions recognised across the world and reducing import dependence of the sector through concerted efforts between the textile engineering industry and the government.

Union
Textiles Minister Piyush Goyal has called for developing 100 Indian textile
machinery champions recognised across the world and reducing import dependence
of the sector through concerted efforts between the textile engineering
industry and the government.

 

Goyal
also asked textile machinery manufacturers to get out of command-and-control
mindset and work through plug and play to make the textile sector vibrant in
name and spirit, the textile ministry said. A total of 15 textile machines
manufacturers of foreign regions, 20 leading indigenous textile manufacturers
and seven textile machinery and associated industry associations participated
and submitted their view points.

The
interaction was aimed at devising possible strategy to develop a facilitating
ecosystem for growth of the textiles engineering industry (TEI) in India under
the Make in India programme. He said that the National Capital Goods Policy is
a manufacturing sector policy devised by the Government of India aimed at
increasing the production of capital goods from the 2014-15 value of about US $
31 billion to US $ 101 billion by 2025.

Goyal
urged the textile industry to focus on speed, skill and scale and get into
innovative partnership. He called for developing 100 Indian textile machinery
champions recognised across the world. The minister said India should look to
become a global player in producing textiles machinery, producing at scale,
producing with quality and quantity the machinery of choice that the world
requires.

He
also urged the manufacturers to come and join the
PM-MITRA scheme and set up manufacturing units
by reaping its advantages.

Image
Source: Google Images

Source: mint

Also Read:

https://indiantextilejournal.com/latest-textile-industry-news/reliance-buys-52–stake-in-ritu-kumar

https://indiantextilejournal.com/latest-textile-industry-news/telangana-has-become-a-hub-for-investments–ktr

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