Should the Tiruppur textile cluster aim for 5 lakh new jobs with government support?
Synopsis
Key Takeaways
In a recent announcement on February 12, New Delhi (NationPress), Commerce and Industry Minister Piyush Goyal urged the Tiruppur textile cluster to aim for the creation of 500,000 new jobs and to enhance its export capabilities twofold within the next three years. He reassured exporters that the government would provide comprehensive support.
During a meeting with a delegation led by Dr. A Sakthivel, Chairman of the Apparel Export Promotion Council (AEPC), along with representatives from the Tiruppur textile industry, Goyal announced plans to set up a dedicated control room. This would allow exporters to submit their concerns and complaints online for swift resolution.
The Commerce Minister also called upon all participants in the textile and apparel sector to capitalize on the opportunities provided by free trade agreements (FTAs). He emphasized the importance of ensuring that the advantages of these agreements reach every corner of the country and benefit all individuals involved in the industry.
Dr. Sakthivel expressed his heartfelt thanks to Goyal for his proactive measures in progressing India’s trade agenda. He highlighted the successful completion of the India–EU FTA, regarded as the “mother of all deals,” along with the interim trade agreement with the US, both anticipated to significantly enhance India’s textile and apparel exports.
Industry representatives affirmed their commitment to fully exploit the opportunities generated by these trade agreements, as stated by the AEPC.
They also congratulated Goyal for his visionary leadership and ongoing efforts to bolster India’s position in global trade.
The delegation included notable figures such as KM Subramanian, President of the Tiruppur Exporters’ Association (TEA), Elangovan, Vice President of TEA, and other key representatives from ten textile associations.
During the discussions, Goyal pointed out that India has entered into free trade agreements with approximately 38 countries, including a significant interim agreement with the US. He noted that cotton eligibility benefits currently granted to Bangladesh stem from its prior FTA with the United States. Goyal confirmed that India is expected to finalize a similar agreement soon, which would also grant analogous benefits to India.