Textile leaders from across the world are slated to attend the annual conference of International Textile Manufacturers Federation (ITMF) due to be held in Jaipur in Rajasthan on November 17-19. “At a time when the Union government is giving utmost importance to the textile sector, this meeting is crucial for future policies, including the New Textile Policy, which will be finalised in the next few weeks,” the Confederation of Indian Textile Industry (CITI) said in a statement on Sunday.
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Textiles Minister Smriti Irani and Textiles Secretary Rashmi Verma will address the delegates of the conference, which will see industry leaders, senior officials and experts in attendance, it added. Indian textiles is a USD 100 billion industry and the largest employer, providing jobs to 100 million people. India is the second-largest textile exporter and among a few countries with a presence of the entire textile value chain, CITI said.
Domestically, textile has over 11 per cent share — at USD 40 billion — of total exports in 2015-16 and contributes 5 per cent of GDP, it added.