Setting agenda for the growth path, the Hon'ble Prime Minister, inter- alia, announced following new initiatives:
(i) To set up a Technology Mission on Technical Textiles to take policy initiatives and to encourage new investment.
(ii) To launch Investment Regions for the Textile Sector to consolidate the phenomenon of agglomeration, visible in textiles to further reduce transaction costs and enhance competitiveness.
Concentrated, contiguous investment and production regions with high quality infrastructure and covering the entire value chain can help obviate, to an extent, the burden imposed by multiple levies, high power costs, bottlenecks in shipment and delays in legal clearances.
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Press Information Bureau Government of India
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