Piyush Goyal on Tuesday said there is an urgent need to give a boost to small businesses in the textile sector to help them realise their true potential.
Speaking at Bharat Tex-2024 in Delhi, Goyal talked about helping SMEs in the textile sector by providing them with modern machines and other allied infrastructure. He said that the textile sector would not just be benefited through any one government scheme but by their convergence. “No one government scheme would help the textile industry, but a convergence of all schemes in a streamlined manner could help in this regard.”
The minister called for intelligently using the budget for handloom and handicraft, and making the budgetary spending transparent. He also said that industry and government officials should work together to help artisans earn more. “Let’s take our industry to other countries where we know the market.”
Prime Minister Narendra Modi had inaugurated Bharat Tex-2024 on Monday. The event is being organised from February 26-29 by a consortium of 11 Textile Export Promotion Councils and is supported by the Centre. It showcases India's prowess in the textiles sector. The four-day event will feature more than 65 knowledge sessions with over 100 global panelists discussing various issues relevant to the sector. According to a statement issued by the Prime Minister's Office (PMO) on Sunday, the event has a unified farm-to-foreign via fibre, fabric and fashion focus, covering the entire textiles value chain.
The event is expected to see the participation