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Policy Initiatives
National Textile Policy 2000
The Government has formulated a National Textile Policy
(NTP) 2000 with the objective of facilitating the industry
to attain and sustain a pre-eminent global standing
in the manufacture and export of clothing. Through NTP
2000, the Government would endeavor to achieve the target
of textile and apparel exports from the present level
of US$11 billion to US$ 50 billion by 2010. The policy
provides for setting up a venture capital fund for tapping
knowledge-based entrepreneurs and assisting the private
sector to set up specialized financial arrangements
to fund the diverse needs of the textile industry.
Vision of the policy
Endowed as the Indian Textile Industry is with multifaceted
advantages, the policy of the Government is to develop
a strong and vibrant industry that can:
- Produce cloth of good quality at
acceptable prices to meet the growing needs of the
people;
- Increasingly contribute to the provision of sustainable
employment and the economic growth of the nation;
and
- Compete with confidence for an increasing share
of the global market.
Objectives of the policy
The objectives of the policy are to:
- Facilitate the Textile Industry to attain and sustain
a pre-eminent global standing in the manufacture and
export of clothing;
- Equip the Industry to withstand pressures of import
penetration and maintain a dominant presence in the
domestic market;
- Liberalise controls and regulations so that the
different segments of the textile industry are enabled
to perform in a greater competitive environment;
- Enable the industry to build world class state-of-the-art
manufacturing capabilities in conformity with environmental
standards, and for this purpose to encourage both
Foreign Direct Investment as well as research and
development in the sector;
- Develop a strong multi-fibre base with thrust of
product upgradation and diversification;
- Sustain and strengthen the traditional knowledge,
skills and capabilities of our weavers and craftspeople;
- Enrich human resource skills and capabilities, with
special emphasis on those working in the decentralised
sectors of the Industry; and for this purpose to revitalise
the Institutional structure;
- Expand productive employment by enabling the growth
of the industry, with particular effort directed to
enhancing the benefits to the north east region;
- Make Information Technology (IT), an integral part
of the entire value chain of textile production and
thereby facilitate the industry to achieve international
standards in terms of quality, design and marketing
and;
- Involve and ensure the active co-operation and partnership
of the State Governments, Financial Institutions,
Entrepreneurs, Farmers and Non-Governmental Organisations
in the fulfillment of these objectives.
Full
text of the policy
Natonal Jute Policy 2005
The Government has announced comprehensive National
Jute Policy 2005 with a view to develop a strong and
vibrant jute sector. The policy enunciates that the
approach for the jute sector will be directed towards
reviving the jute economy through supportive measures
such as research and development, technology upgradation,
creation of infrastructure for storage and marketing
of raw jute and product and marketing development activities
for jute and diversified jute products.
Vision of the policy
Endowed as the Indian Jute Sector is with multifaceted
advantages, it shall be the policy of the Government
to develop a strong and vibrant sector that can:
- Ensure remunerative prices to the
jute farmers in the country;
- Produce good quality fibre and products to meet
the growing needs of the country and international
buyers;
- Increasingly contribute to the provision of sustainable
employment and the economic growth of the nation;
and
- Compete with confidence for an increasing share
of the global market.
Objectives of the policy
The objectives of the policy are to :
- Enable millions of jute farmers to produce better
quality jute fibre for value added diversified jute
products and enable them to enhance per hectare yield
of raw jute substantially;
- Facilitate the Jute Sector to attain and sustain
a pre-eminent global standing in the manufacture and
export of jute products;
- Enable the jute industry to build world class state-of-the-art
manufacturing capabilities in conformity with environmental
standards, and, for this purpose, to encourage Foreign
Direct Investment, as well as research and development
in the sector;
- Sustain and strengthen the traditional knowledge,
skills, and capabilities of our weavers and craftspeople
engaged in the manufacture of traditional as well
as innovative jute products;
- Expand productive employment by enabling the growth
of the industry;
- Make Information Technology (IT), an integral part
of the entire value chain of jute and the production
of jute goods, and thereby facilitate the industry
to achieve international standards in terms of quality,
design, and marketing;
- Increase the quantity of exports of jute and jute
products by achieving a CAGR of 15 per cent per annum;
- Involve and ensure the active co-operation and partnership
of State Governments, Financial Institutions, Entrepreneurs,
and Farmers’ Organisations in the fulfillment
of these objectives.
Full
text of the policy
Foreign Direct Investment Policy
As per the present policy of Government of India, 100
percent FDI is freely allowed in spinning, weaving,
processing, garments and knitting sector under the automatic
route for both new ventures and existing companies except
in cases where industrial license is required on account
of location of such units falling in a locatioanlly
restricted area. In respect of such proposals, government
approval is required.
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