On the recently approved Production Linked Incentives (PLI) to the textiles sector, she said this is the first financial support given by the government to an emerging industry where competitiveness and competence will be valued and awarded.
“Industry has bemoaned that the government needs to give reforms. The government has stepped up with labour reforms and also given enough space for states to aid industrial growth,” Irani said at an event organized by the Confederation of Indian Industry.
The minister said the government has undertaken agricultural reforms which impacts the source of raw material.
“Agriculture reforms tell the industry that it needs to grow but not at the cost of the farming community,” she said, and also asked industry to become self-reliant in the wool segment and overcome the challenges related to processing in silk.
Irani said from zero units in March, India now has over 1,100 companies to produce personal protection equipment (PPE) suits and has become the second largest exporter of PPEs to the world.
The minister said India now has 207 items in technical textiles and HSN codes (tariff codes) upto 8 digits and that the Bureau of Indian Standards (BIS) has given Indian standards for over 300 items in 2020 and set standards for 30 new items.
She said the textiles ministry worked with 16 ministries and ensured 92 technical textiles items used in areas such as agriculture, healthcare, hygiene, water resources, building of roads and highways, were mandated and made compulsory for use.
Read More News on
Download The Economic Times News App to get Daily Market Updates & Live Business News.
1 Comment on this Story
abhishek ranjan52 days ago
This money was of common man, the very same people who these so called middlemen and farmer unions are trying to encircle and jeoperdize their lives and earning in a ongoing pandemic.