Textile Industry has Huge Potential to Generate Jobs in Coming Years: Piyush Goyal
16 July 2022: While inaugurating SIMA Texfair 2022, 13th edition in its series, an international textile machinery, spares, accessories & services exhibition conducted by The Southern India Mills’ Association (SIMA) at CODISSIA Trade Fair Complex, Coimbatore on 25th June, 2022, Goyal emphasised that the Centre is promoting both cotton and man-made textile sector so that it gets larger share of world market thereby increasing jobs opportunities as well as investment.
“In all sectors, we want to become a global industry. We want to capture the world market” he said adding on that under the guidance of PM, the Centre is working actively with different countries to finalise free trade agreement which will give zero duty access to textile sector in world market.”
In his inaugural address, Piyush Goyal appreciated the invention capabilities and entrepreneurial skills of Tamil Nadu especially the twin cities viz., Coimbatore and Tirupur. He stated that Tamil Nadu would become the largest hub for textiles, pumps, wet grinders, critical components manufacturing etc., in the world and boost the economic growth of the Nation.
Goyal highlighted the various policy initiatives taken by the Government and the hard work put in by the industry to achieve 440 billion US dollars exports. He stated that the country would reach 30 trillion economy from the level of 3 trillion economy very soon and the government has been aggressively addressing all the structural issues including the tariff barriers, issues in taxation, global competitiveness, etc. He advised all the stakeholders in the value chain to strive hard, stand united and thereby become the largest manufacturing country in the world. He invited all the young and women entrepreneurs to come forward to make investments and contribute for the growth of the Nation.
He highlighted from Farm to Fabric, Fabric to Finished Products, Finished Products to Fashion products and then finally to Foreign Products, India has a major share in the entire value chain. He said that he admires the entrepreneurial skills of people of Coimbatore. The city has many MSMEs & large scale industries for textiles, Kovai Cora cotton Saree is GI tagged and is world famous.
Goyal mentioned that when he visited SITRA, he saw a manufacturing facility for sanitary napkin. He said that it’s the priority of Modi government to provide affordable sanitary napkins to women. He said that plans are in place to provide affordable sanitary napkins to the women folk of Tamil Nadu under PM Jan AushadhiYojana.
He said that under Samarth scheme 2 lakh beneficiaries have been trained in the state, out of which 1.7 lakh candidates have been provided placement opportunities.