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FICCI, textile cos laud West Bengal's draft textile policy

KOLKATA: FICCI had submitted detailed policy suggestions to the West Bengal chief minister Mamata Banerjee in December 2012 and since then has been consistently working with state government on the policy. 

"While the State has a long history and tradition in textiles, but there was a need for a policy roadmap which will revive, modernize and broad base the West Bengal textiles industry and integrate it with the global market", said Mr Sidharth Birla, senior vice president, Ficci. 

Other states have come up with very competitive textile policy and attracted significant
investments as a result in the last few years and it was important that the state comes up with an ambitious policy to attract investments and revive this sector, Mr Birla added. 

"This sector holds lot of potential in terms of employment and can provide jobs to millions in the State. The policy would help the State in achieving inclusive growth." noted Mr Birla. 

Mr Sanjay Jain, managing director of the textile firm TT Ltd said that this was a very big step which has been taken by the Government and could propel the 
textile industry into a completely new orbit. ""Already many states like Maharashtra, Gujarat have come out with very aggressive policies over the last 18 months. West bengal has a huge potential to become the next knitwear capital of the country. This policy if finalised would change the landscape of the industry in Bengal,"" he added. 

Textile industry is one of the few industries which has a very favourable man-land ratio, which makes it suitable for densely populated states like West Bengal. It would help in the development of the entire state and lead to inclusive growth through employment and skill development of the workforce.