Connect with:
Saturday / December 21. 2024
HomePosts Tagged "Ministry of textiles"

India’s textiles growth target comprises a market size of $ 350b & $ 100b in exports by 2030.

Giriraj Singh Union Minister of Textiles held a pivotal meeting with senior officials from Uniqlo, facilitated through Invest India, reaffirming the shared commitment to strengthening India’s textile sector. This engagement follows Uniqlo’s earlier interaction with the Hon’ble Prime Minister, highlighting their keen interest in collaborating with India’s textile industry to enhance cotton production capabilities, productivity, and quality. This meeting underscores the synergy between Uniqlo’s vision and India’s goal of fostering a globally competitive and sustainable textile sector.

With 15 stores across the country and a retail revenue of Rs 814 crore as of March 31, 2024, Uniqlo has demonstrated a robust growth rate of 30 per cent, contributing substantially to the retail and textile ecosystem in India. Their operations, including collaboration with 18 swing factories and 6 fabric mills sourced from 9 vendors, underline their commitment to quality and innovation in textiles.

Uniqlo has expressed a keen interest in advancing cotton production capabilities, productivity, and quality within India. As the world’s largest cotton producer, cultivating over 11.9 million hectares, India provides an ideal landscape for such initiatives. India already utilizing high-density quality seeds in Akola where productivity levels are up to 1,500 kg/hectare. The company’s pilot project is also working on similar lines where the productivity and quality levels are yielding up to 1,000 kg/hectare. The Ministry is committed to supporting Uniqlo’s request for land to scale this initiative, reflecting a shared vision of making India a global hub for high-quality cotton sourcing.

In alignment with India’s textile growth targets, reaching a market size of $350 billion and $100 billion in exports by 2030, the Ministry has extended an invitation to Uniqlo to invest in the Prime Minister’s Mega Integrated Textile Region and Apparel (PM MITRA) Parks. These parks offer a ready-to-perform ecosystem with a Build-to-Suit model, ensuring seamless integration for companies seeking sustainable and efficient operations.

Uniqlo’s participation in the upcoming “Bharat Tex” Global Textile Expo in February will further underscore the shared commitment to fostering innovation, sustainability, and traceability in the textile sector. With global attention focused on sustainable and traceable practices, the Ministry has encouraged Uniqlo to extend its research and development efforts into new natural fibres, including milkweed fibre aligning with India’s own initiatives in this critical area.

The Ministry remains confident that this partnership will bolster India’s end-to-end textile value chain, strengthen the women-led economy, and elevate India’s position as a global textile leader.

India’s textiles growth target comprises a market

Goyal emphasised a holistic approach towards making the Textile sector more vibrant so as to prepare to take on global competition

Piyush Goyal, Union Minister for Textiles, Consumer Affairs, Food and Public Distribution and Commerce and Industry, discussed the roadmap to achieve the target of $250 billion in textiles production and $100 billion in exports by 2030.

While interacting with the officers and staff during the Chintan Shivir organised by the Ministry of Textiles, Goyal emphasised a holistic approach towards making the Textile sector more vibrant so as to prepare to take on global competition. He asked the officers to come up with innovative ideas and underscored the importance of streamlining the institutional structure for better service delivery.

The Ministry of Textiles organised Chintan Shivir to brainstorm on various issues relating to the sector.

The session was inaugurated by Darshana Jardosh, the Union Minister of State for Textiles, who highlighted the importance of the textiles sector in the economic growth of the country and the need to collectively focus on promoting growth across all segments in the value chain. 

She mentioned that the Chintan Shivir was a platform for collectively deliberating and finding solutions to important issues pertaining to the sector. It would also help in promoting better understanding and coordination among all offices within the fold of the Ministry of Textiles.

Officers from the Ministry of Textiles as well as field offices from across the country attended the day-long Chintan Shivir.

Goyal emphasised a holistic approach towards making

Strategic projects cleared for the development of Indian economy

Ministry of Textiles clears 20 strategic research projects worth Rs 74 crore in the areas of Agrotextiles, Speciality fiber, Smart textiles, Activewear textiles, Strategic application areas Protective gear and apparel Sports textiles under the chairmanship of Piyush Goyal, Minister of Commerce and Industry, Consumer Affairs, Food and Public Distribution, and Textiles. These strategic research projects fall under the Flagship Programme ‘National Technical Textiles Mission.’

Among these 20 Research projects, 5 Projects of Speciality Fibres, 6 Projects of Agro-textiles, 2 Projects from Smart Textiles, 2 from protective gear and apparel, 2 from geotextiles, 1 from activewear apparels, 1 from strategic application area, 1 from sports textiles were cleared.

Leading Indian Institutes cleared strategic projects for the development of Indian economy and a step in the direction of Atmanirbhar Bharat, especially in the field of Geotech, Industrial and Protective, Agriculture and Infrastructure.

“Industry and Academia linkages are essential for the growth of research and development in the application areas of Technical Textiles in India. Building convergence with Academicians, Scientists and Researchers is the need of the hour.” Said Piyush Goyal. 

To bolster the innovation and research ecosystem in technical textiles, NTTM will support ideation and prototyping R&D projects worth upto Rs 50 lakhs and 100 lakhs respectively, which have clear potential to translate into commercial products and technologies.

Strategic projects cleared for the development of