India should be looking to become a global player: Union Minister of Textiles
#Textiles #PiyushGoyal #TextileMachineryShri Piyush Goyal urges asks all manufacturers to get out of command-and-control mind-set and work through plug and play to make the textile sector vibrant in name and sprit;
October 2021: Shri Piyush Goyal, Union Minister for Commerce and Industry, Textiles, Consumer Affairs, Food & Public Distribution has 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 recognized across the world. This was stated by Shri Piyush Goyal, Minister for Commerce and Industry, Textiles, Consumer Affairs, Food & Public Distribution, while interacting with the Textile Machinery Manufacturers in a video conference on the topic ‘Technology Gap and Way Forward for Textiles Machinery Manufactures’. Shri Goyal also asked the Textile Machinery Manufacturers to get out of command-and-control mind-set and work through plug and play to make the textile sector vibrant in name and sprit.
He said that India should be looking to become a global player in producing textiles machinery, producing at scale, producing with quality & quantity the machinery of choice that the world requires. He said that we are not averse to imports but we must reduce the import dependency of the textile machinery in India by concerted effort between Textile Engineering Industry and Government together. He added that focus on quality will help to capture bigger markets and higher productivity.
Shri Goyal expressed hope that a modern and upgraded textile machinery ecosystem would have a cascading impact on unorganized Indian textile industry. This would set the momentum for continuous advancement and innovation resulting into ever evolving & enhancing competitive capabilities along the value chain. He said that the machinery manufacturing facility would change the inertia of the status quo, augment the dynamics along value chain and enhance the domestic consumption and further boost the exports of higher value goods while gradually reducing the import dependency. For this it is important to synergise efforts of arms of Government between Textiles, Ministry of Heavy Industries, Digital Innovation/ adaptation possibilities in our quest of increasing efficiencies by reducing costs across manufacturing value chain,. Shri Goyal informed that Heavy Industries Capital Goods Scheme is a pilot scheme designed to support the industry to modernize domestic technologies. He said that 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 approximately USD 31 Bn to USD 101 Bn by 2025.
NEWSLETTER
TRENDING ON PRO MFG
MORE FROM THE SECTION
