Developed countries India
Piyush Goyal

Union minister for commerce and industry, textiles & consumer affairs Piyush Goyal has called for developing 100 Indian textile machinery champions recognized across the world.

Union minister Piyush Goyal made the call while interacting with the textile machinery manufacturers in a video conference on the topic ‘Technology Gap and Way Forward for Textiles Machinery Manufactures’.

Goyal urged the textile industry to focus on speed, skill, scale and get into innovative partnerships.

The Union textile minister asked the textile machinery manufacturers to get out of the command-and-control mindset and work through plug and play to make the textile sector vibrant in name and sprit.

He said India should be looking to become a global player in producing textiles machinery, producing at scale, producing with quality & quantity the machinery of choice that the world requires.

The Union minister said, “We are not averse to imports but we must reduce the import dependency of the textile machinery in India by concerted effort between Textile Engineering Industry and government together.”

He added that focus on quality will help to capture bigger markets and higher productivity.

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Goyal expressed hope that a modern and upgraded textile machinery ecosystem would have a cascading impact on unorganized Indian textile industry.

This would set the momentum for continuous advancement and innovation resulting into ever-evolving & enhancing competitive capabilities along the value chain.

He said the machinery manufacturing facility would change the inertia of the status quo, augment the dynamics along value chain and enhance domestic consumption and further boost the exports of higher value goods while gradually reducing the import dependency.

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“For this, it is important to synergise efforts of arms of government between textiles, ministry of heavy industries, digital innovation/ adaptation possibilities in our quest of increasing efficiencies by reducing costs across the manufacturing value chain,” he added.

Goyal informed that Heavy Industries Capital Goods Scheme is a pilot scheme designed to support the industry to modernize domestic technologies.

He said National Capital Goods Policy is a manufacturing sector policy devised by the Government of India aimed at increasing the production of capital goods from the 2014-15 value of approximately USD 31 billion to USD 101 billion by 2025.

Referring to India’s recent achievement of 100 crore vaccines, the minister said the historic achievement was the result a collective effort of 130 crore Indians and a proof of India’s ‘Atmanirbharta’.

He also referred to Mission Chandrayan, which was also a breakthrough in India’s space programme. The Minister called upon the Textile Machinery Manufacturers to look at the same breakthrough of that nature in the textiles sector.

Goyal said, “We are on a mission of transformational change.”

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