<p>An expert panel constituted by the government on Monday submitted the draft of the new National Textiles Policy, which aims to achieve $300 billion exports by 2024-25, and creation of additional 35 million jobs by attracting investments.<br /><br /></p>.<p>The blueprint termed as the draft ‘Vision, Strategy and Action Plan’ to revitalise the textiles and apparel industry envisages an additional investment of $120 billion. It was presented to Textiles Minister Santosh Gangwar by Chairman of the Expert Committee Ajay Shankar.<br /><br />“The Expert Committee identified basic concerns in textiles sector and identified the national priorities in the form of a Vision & Strategy and the Action Plan for attaining the targets set out in the Vision for exports, investment and employment by the year 2024-25,” an official release said.<br /><br />“The Vision projects Indian textile and apparel exports to grow from $39 billion at present to $300 billion by the year 2024-25. This translates into additional investment required of the order of $120 billion and in the process around 35 million additional job creation is expected to take place,” it added.<br /><br />The key objectives of the new National Textiles Policy include developing a vision statement of the textile sector for the next decade to treble market share from the current 4 per cent in the next decade.<br /><br />Keeping in view the various changes in the textile industry on the domestic and international fronts and the need for a road map for the textile & apparel industry, Ministry of Textiles had initiated the process of reviewing the National Textile Policy, 2000.<br /><br />Accordingly, an Expert Committee was constituted including leading industrialists from the textile sector to make fresh recommendations.</p>
<p>An expert panel constituted by the government on Monday submitted the draft of the new National Textiles Policy, which aims to achieve $300 billion exports by 2024-25, and creation of additional 35 million jobs by attracting investments.<br /><br /></p>.<p>The blueprint termed as the draft ‘Vision, Strategy and Action Plan’ to revitalise the textiles and apparel industry envisages an additional investment of $120 billion. It was presented to Textiles Minister Santosh Gangwar by Chairman of the Expert Committee Ajay Shankar.<br /><br />“The Expert Committee identified basic concerns in textiles sector and identified the national priorities in the form of a Vision & Strategy and the Action Plan for attaining the targets set out in the Vision for exports, investment and employment by the year 2024-25,” an official release said.<br /><br />“The Vision projects Indian textile and apparel exports to grow from $39 billion at present to $300 billion by the year 2024-25. This translates into additional investment required of the order of $120 billion and in the process around 35 million additional job creation is expected to take place,” it added.<br /><br />The key objectives of the new National Textiles Policy include developing a vision statement of the textile sector for the next decade to treble market share from the current 4 per cent in the next decade.<br /><br />Keeping in view the various changes in the textile industry on the domestic and international fronts and the need for a road map for the textile & apparel industry, Ministry of Textiles had initiated the process of reviewing the National Textile Policy, 2000.<br /><br />Accordingly, an Expert Committee was constituted including leading industrialists from the textile sector to make fresh recommendations.</p>