Jaipur: Rajasthan government will introduce a policy for the textiles sector by March 2013 for making the industry more competitive both in the domestic and international markets, the state Chief Minister Ashok Gehlot said on Thursday.
"By the end of the current fiscal, we are going to introduce a policy for the textiles sector that will help the industry," Gehlot told reporters after inaugurating the textiles fair ?Vastra-2012? here.
The fair is being jointly organised by the Rajasthan State Industrial Development and Investment Corporation (RICCO) and industry chamber Ficci.
The policy would emphasise on manufacturing, skill development and boosting exports, Rajasthan Minister for Industries Rajendra Pareek said.
However, he did not reveal details about the required funding for the proposed policy.
The state government is focusing on the textiles sector which exports items worth Rs 3500 crore annually and employs thousands of people, Principal Secretary in the Rajasthan Government Sunil Arora said.
The state Department of Industries has prepared a draft policy which would be circulated soon to concerned departments seeking their comments.
"We have worked out a draft. Now, we will hold one or two meetings with few stakeholders and after that the Chief Secretary will send the proposed policy to the state Cabinet for its approval," Arora added.
At present, there is no separate policy for the textiles sector and the state feels that there is a need to push the sector in the backdrop of weak demand.
"Amidst sluggish demand both in domestic and global markets (the US and Europe), we are making efforts to further expand and upgrade the textile industry through such fairs, Gehlot said adding the exhibition would be organised every year.
The business-to-business exhibition is aimed at providing market access, networking for new business partners, updating on the latest technologies and attracting investments in the sector.
Speaking at the occasion, Ficci Director General Arbind Prasad said the fair will provide an opportunity for disseminating technology and interaction with experts, among other things.
Over 175 exhibitors are showcasing a wide variety of textiles and apparel range at the four-day long fair which is expected to be attended by over 400 buyers.
First Published: Thursday, November 22, 2012, 15:43