Need to digitise value chain of textile industry: Amitabh Kant

Experts discuss the contribution of the textile sector in India’s economic growth at Textiles India trade fair in Gujarat

pranita

Pranita Kulkarni | July 3, 2017 | Gandhinagar


#Nirmala Sitharaman   #Venkaiah Naidu   #Smriti Irani   #Gujarat   #Textiles India   #Narendra Modi   #Radha Mohan Singh  
(Left to Right) Minister of state for textiles, Ajay Tamta, union minister for textiles, Smriti Irani, union minister for urban development, housing & urban poverty alleviation and information & broadcasting, M Venkaiah Naidu, and vice chairman, NITI Aayog, Arvind Panagariya at the valedictory session of Textiles India 2017, in Gandhinagar, Gujarat on July 02, 2017
(Left to Right) Minister of state for textiles, Ajay Tamta, union minister for textiles, Smriti Irani, union minister for urban development, housing & urban poverty alleviation and information & broadcasting, M Venkaiah Naidu, and vice chairman, NITI Aayog, Arvind Panagariya at the valedictory session of Textiles India 2017, in Gandhinagar, Gujarat on July 02, 2017

“If India has to grow rapidly, it cannot grow without exports. We still import a lot of raw material like laces, buttons, elastics etc, which makes production expensive for the (clothing) manufacturers,” noted NITI Aayog CEO Amitabh Kant at the concluding day of Textiles India 2017  held in Gandhinagar, Gujarat.

He highlighted the importance of exports in the textile sector and the ease of doing business in India. 
 
He added that there is a need to digitise the entire value chain of the textile industry and that the industry can be boosted with a culture of collaboration and innovation. He said that he’s not a believer of subsidies and added that the country needs to move from “job-protecting labour laws” to “job-creating labour laws.”
 
The international trade fair, which was helmed by union textiles minister Smriti Irani and inaugurated by prime minister Narendra Modi, concluded on Sunday.
 
Ministers Venkaiah Naidu, Radha Mohan Singh, Rajiv Pratap Rudy, Ajay Tamta and Nirmala Sitharaman attended the final day of Textiles India 2017.  A number of panels constituting the ministers, industry representatives and senior officials of NITI Aayog talked about the roadmap for the sector aiming at increasing its global market share.
 
Naidu credited Irani for bringing vibrancy into the sector, which used to be “reserved for the ministers, who are to be sidelined”. He emphasised the need to let the industry have a say in the country’s development. “We have to encourage the trade. Unfortunately, because of our political mindsets, we politicians have developed some sort of allergy to the business. We believe that the industry also has a rightful place in the development of the country,” he said.
 
Speaking about making India a sourcing hub and investment during a panel discussion, Sitharaman said that the focus should be on promoting niche areas that cover indigenous artisans, weavers and craftsmen, as they provide a unique identity to the country’s textile output. She added that in the industry’s efforts to match up to the demand for man-made fibre, the focus has shifted away from these niche areas and that these need to be promoted.
 
Arvind Panagariya, vice-chairman, NITI Aayog iterated a similar view during the valedictory session, where he also said that the allegations of “jobless growth” are logically incorrect. However, he admitted that the jobs in the formal sector are in short supply.
Irani said, “It seems, in last three days, we have discovered that this is our sleeping giant, which is now roaring as the Make in India lion.”
 

Comments

 

Other News

Elections 2024: 1,351 candidates in fray for Phase 3

As many as 1,351 candidates from 12 states /UTs are contesting elections in Phase 3 of Lok Sabha Elections 2024. The number includes eight contesting candidates for the adjourned poll in 29-Betul (ST) PC of Madhya Pradesh. Additionally, one candidate from Surat PC in Gujarat has been elected unopp

2023-24 net direct tax collections exceed budget estimates by 7.40%

The provisional figures of direct tax collections for the financial year 2023-24 show that net collections are at Rs. 19.58 lakh crore, 17.70% more than Rs. 16.64 lakh crore in 2022-23. The Budget Estimates (BE) for Direct Tax revenue in the Union Budget for FY 2023-24 were fixed at Rs. 18.

‘World’s biggest festival of democracy’ begins

The much-awaited General Elections of 2024, billed as the world’s biggest festival of democracy, began on Friday with Phase 1 of polling in 102 Parliamentary Constituencies (the highest among all seven phases) in 21 States/ UTs and 92 Assembly Constituencies in the State Assembly Elections in Arunach

A sustainability warrior’s heartfelt stories of life’s fleeting moments

Fit In, Stand Out, Walk: Stories from a Pushed Away Hill By Shailini Sheth Amin Notion Press, Rs 399

What EU’s AI Act means for the world

The recent European Union (EU) policy on artificial intelligence (AI) will be a game-changer and likely to become the de-facto standard not only for the conduct of businesses but also for the way consumers think about AI tools. Governments across the globe have been grappling with the rapid rise of AI tool

Indian Railways celebrates 171 years of its pioneering journey

The Indian Railways is celebrating 171 glorious years of its existence. Going back in time, the first train in India (and Asia) ran between Mumbai and Thane on April 16, 1853. It was flagged off from Boribunder (where CSMT stands today). As the years passed, the Great Indian Peninsula Railway which ran the

Visionary Talk: Amitabh Gupta, Pune Police Commissioner with Kailashnath Adhikari, MD, Governance Now


Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter