PM Modi referred to an article by Union Minister Giriraj Singh, which states that the Central Government’s PLI schemes and new Free Trade Agreements (FTAs) are creating new employment opportunities in the textile sector.
The Union Minister said that the biggest reason for the strength of the textile sector in India is strong domestic demand and increasing consumption. With a population of more than 140 crores, India is one of the strongest textile markets in the world. The country’s domestic textile market has increased from about Rs 8.4 lakh crore to Rs 13 lakh crore in the last five years.
He also said that there has been a big change in people’s spending habits on clothes. In the last 10 years, per capita expenditure on textiles has increased from around Rs 3,000 in 2014-15 to more than Rs 6,000 in 2024-25. It is estimated that this expenditure may reach Rs 12,000 by 2030.
Exports in the textile sector have also increased rapidly. At the time of Corona, the export of textile and readymade garments in 2019-20 was Rs 2.49 lakh crore, which increased to about Rs 3.5 lakh crore in 2024-25. That means it has increased by about 28 percent in the post-Corona period.
The Union Minister said that this increase shows that India can quickly increase production as global demand increases and this is creating both direct and indirect employment in the textile sector.
The minister also stressed the importance of PM Mitra Park Scheme. Under this scheme, investment of about Rs 18,500 crore is expected in the textile sector. Its objective is to increase production, create employment and strengthen exports.
The Government has approved the creation of 7 PM Mega Integrated Textile Regions and Apparel (PM MITRA) Parks with the objective of developing modern and large industrial infrastructure for the entire value chain of the textile industry. Rs 4,445 crore will be spent on this between 2021-22 to 2027-28.
All PM Mitra Parks will be built in Tamil Nadu (Virudhunagar), Telangana (Warangal), Gujarat (Navsari), Karnataka (Kalaburgi), Madhya Pradesh (Dhar), Uttar Pradesh (Lucknow) and Maharashtra (Amaravati).
According to the government, when PM Mitra Parks are completely ready, there will be an investment of about Rs 10,000 crore in each park and it is expected to provide direct and indirect employment to about 3 lakh people.
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