Commerce and Textiles Minister Piyush Goyal has requested the home business to get into modern partnerships for growing 100 textile equipment champions, which may to be recognised the world over.
Interacting with producers, the minister urged them to get out of the command-and-control mindset and work via plug and play mode to make the textile sector vibrant.
He requested them to concentrate on velocity, ability and scale to be able to develop 100 champions and convey the textile sector out of inertia.
The federal government has set goal of $100 billion for textiles and garment exports over subsequent 5 years and the textile sector has an essential half to play in reaching it, Mr Goyal added.
He additional mentioned that India ought to be aiming at changing into a worldwide participant in producing textiles equipment, producing at scale, high quality in addition to amount, the sort of equipment which is required at international ranges.
The minister mentioned that the Centre will not be averse to imports however there’s a want to scale back import dependency of textile equipment in India via concerted efforts of each the textile engineering business in addition to the federal government to be able to seize greater markets.