If officials of Ministry of Textile are to be believed, the long-awaited National Textile Policy will focus on domestic industry in addition to promoting cultivation and processing and branding of organic cotton.
It will promote and set up hubs to manufacture machinery with the help of foreign direct investment (FDI).
The draft of the policy is likely to be floated for public feedback soon.
As India imports around 75 per cent of textile machinery, the push will be to change that and manufacture the machinery in India.
As per media reports, the idea is to increase the domestic production of several components in the sector to make India a global textile player. It is in alignment with the vision of Atmanirbhar Bharat.
The policy will also focus on setting up seven mega textile hubs across the country where everything from the production of raw materials to export of finished products would take place.
A mega textile park spread over 1,000 hectares of land will boost the growth of integrated textiles.
At the same time, the proposed policy also seeks to boost handcart and handloom sectors.
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