TAD NewsDesk, New Delhi: Textiles Minister, Smriti Zubin Irani announced that Rs 6,314 crore has benefitted around 5 lakh farmers which has been transferred to them on the purchase of cotton valued at over Rs 7,500 crore. This initiative has been undertaken under the Cotton Corporation of India.
Under the policy of Production Linked Incentives (PLI) to the textiles sector, this is the first initiative taken which has contributed to the development of the sector.
Ms Irani said,
“Industry has bemoaned that the government needs to give reforms. The government has stepped up with labour reforms and also given enough space for states to aid industrial growth.”
She also talked about agriculture reforms of the government,
“Agriculture reforms tell the industry that it needs to grow but not at the cost of the farming community” and also added that the industry should become self-reliant in the wool segment and overcome the challenges related to processing in silk.
She said the textiles ministry worked with 16 ministries and ensured 92 technical textiles items used in areas such as agriculture, healthcare, hygiene, water resources, building of roads and highways, were mandated and made compulsory for use.
Irani also mentioned the growth of the sector, while there were zero units in March, India now has over 1,100 companies to produce personal protection equipment (PPE) suits and has become the second largest exporter of PPEs to the world.
