PIB | 26 Jun, 2022
The Centre wants to create 75 Textile hubs like Tiruppur which
will not only support textile product exports and ensure inclusion of
sustainable technology, but will also generate huge opportunities for
employment, said Union Minister of Textiles Piyush Goyal at
an event in Tiruppur on Sunday.
Goyal said that Tiruppur has made country proud and is home to textile
production of worth 30,000 crore every year.
He said that the sector
provides direct employment to 6 lakh people and indirect employment to 4
lakh people, therefore, collectively providing employment to 10 lakh
people.
He
said that in 1985, Tiruppur was exporting ₹15 Cr worth of textile
products. In the year ended March 2022, the estimated exports from
Tiruppur are ₹30,000 Cr which is about two thousand times growth.
Considering the unprecedented growth of the textile sector in the
region, in over 37 years, the compounded annual growth rate at Tiruppur
comes to 22.87%.
He
said that Tiruppur has immense employment avenues and called upon
youngsters to grab the opportunity.
Adding on he said that the
youngsters will also be trained. He mentioned that presently, nearly 70%
of those employed in the textile sector in Tiruppur are women and those
from the marginalised sections.
Goyal
said that all over India, roughly 3.5-4 crore people are engaged in the
total value chain of Textile sector alone.Textiles is the second
largest provider of work after agriculture. The industry size is
about ₹10 lakh Cr. The export is about ₹ 3.5 lakh crore.
He reiterated
that the Textile sector has the potential to grow to ₹20 lakh Cr
industry in the next 5 years with exports of ₹10 lakh Cr. Even then, a
modest export target of 7.5-8 lakh crore and production target of about
20 lakh crore which is doable in next 5 years has been set.
He
talked about the challenges faced by India in terms of COVID as well as
war between other countries. However, he stressed that despite the
challenges, under the guidance of Prime Minister, India is one of the
fastest growing economies in the world.
Goyal
said that if India grows at 8% every year on a Compounded Annual Growth
basis, the economy will double in about 9 years’ time to be a $6.5
trillion economy.
Similarly, in 18 years from now, the economy of India
predicted is $13 trillion economy. In 27 years from now, the economy
growth can be calculated as $26 trillion and hence after 30 years, it
can be confidently put that India will be a $30 trillion economy.
He
said that Tiruppur is the leading source of Hosiery, Knitted Garments,
Casual Wear, Sportswear and is a traditional centre for cotton ginning.
He
said during his visit to SITRA yesterday, he saw many innovative
projects.
He mentioned that the Centre will work with Health Ministry on
the Sanitary Napkin Machinery in SITRA to provide low cost sanitary
napkins under the PM Jan Aushadhi Yojana.