The Union Government is mulling over a 'national fibre policy' for the textile industry by end-2009 to help the sector by removing discriminations among sectors with conflicting interests within the industry.
Dayanidhi Maran, Union Minister for Textiles, has reportedly expressed the proposed policy as a neutral policy which is likely to be helpful both to the exporters and the domestic market.
The new policy is aimed at restoring competitiveness of the industry. From raw materials such as cotton, cotton yarn and man-made fibres to garments, spinning sector, exporters and domestic markets, the policy is likely to benefit all.
Source : ProjectsToday
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