“According to Finance Minister Mr. Pranab Mukherjee the Government has included a significant increase in funds allocated to Cotton Technology Mission and to the integrated textile parks, and extension of the interest subvention of 2 per cent until March 31, 2011 for exports covering handicrafts, carpets and handlooms segments of this industry. Mukherjee said that the textile industry is also being supported with an extensive skill development programme to train 3 million persons over a 5 year period, by leveraging the strength of existing institutions under the textile ministry.”
The textile industry accounts for 14 per cent of India's total industrial production, 15 per cent of total exports, and 4% to the nation’s GDP. The sector currently provides direct employment to about 35 million people and indirect employment of around 56 million in allied activities. It is estimated to create 12 million jobs additionally right from textiles equipments to garment manufacturing by 2015.
In view of the importance of the sector, government has allowed 100% Foreign Direct Investment to promote the sector. Though the sector enjoys availability of cheap and skilled labour and technical know-how, for achieving cost-advantage in the world market, it requires economical raw materials, innovation in product and brand development, strong logistic and policy support, research and development and consistency in efficiency and productivity. Indian machinery sector should also be equipped to supply world-class machineries at world market price in India to achieve sustainable growth and value addition in the textile sector.
brought out by Saket Projects Ltd., Ahmedabad, is aimed to be rich in terms of contents of contemporary importance and is having a wider reach in the textile fraternity consisting of policy and decision makers, manufacturers, technology providers, consultants, trade promotion councils, R&D centers, premier academic institutions etc. (www.textilereview.com)
As a professionally managed multi-disciplinary company, the publishers Saket Projects Ltd. is involved in creating interactive knowledge sharing platforms through various activities including publications, conferences, exhibitions and internet. The company, over a period of time, has developed strategic strengths and core competencies in the areas of information enhancement and service sector. In the process, it has carved out a niche in the diverse areas of Energy Management, Event Management, Industrial Publications and Pharmaceutical Formulations.
SAKET designs and develops conferences aimed at specific target audience to provide them strategic and timely information on policy initiatives, enhanced business processes, technologies, networking opportunity, shape of things to come, etc., understanding the immediate business concerns of today's leading and budding executives. With a continued forward thinking approach, the company has successfully organized events on diverse themes at prominent centers in the country with specialization in industry-specific events.
ATIRA-AMA Centre for Textile Studies
ATIRA-AMA Centre for Textile Studies is established by the premier local management association AMA which has several times received the best LMA Award from the All India Management Association. The Centre is devoted to textile related research and analysis for the wider benefits of the textile sector.
Ahmedabad Management Association (AMA) is a non-profit society and a charitable trust; founded by the Father of Space Science in India, Dr. Vikram Sarabhai; with a view to promoting exchange of ideas, knowledge and experience in the principles and practice of management. AMA today commands the highest respect and recognition from all quarters - be it business, professions, industry, government or academics; and this, not only in Ahmedabad or Gujarat, but all over India.