India has set up institutional mechanisms to enable the textile industry achieve its full potential of production, exports and employment. One is a Knowledge Network Management System (KNMS) which will facilitate exchange of knowledge between academia, the farming community and the industry on productivity of natural fibers and diversification of their by-products. The KNMS will cover jute, silk, wool and cotton.
Another is a synergy group on manmade fibers which will formulate policy interventions to enhance the growth and competitiveness of manmade fiber industry in India. India has a great chance to capture the market for manmade fibers that’s been vacated by China.
Yet another is a task force on Textiles India which has been set up to steer follow-up action on various outcomes of Textiles India 2017 for growth of the textiles sector. Textiles India 2017, held in Gujarat from June 30 to July 2, 2017, was not only the largest ever international trade event in the textile sector in the country, but also hosted a series of roundtables and international conferences with the participation of eminent persons from the business fraternity, academia and policy makers to deliberate on various opportunities for the growth of the sector.