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Smriti Irani asks textile sector to commercialise opportunities created by COVID-19

Irani also said that the carpet industry will be aided as India is emerging as a key player in the international market

twitter-logoPTI | July 25, 2020 | Updated 21:16 IST
Smriti Irani asks textile sector to commercialise opportunities created by COVID-19
Textiles Minister Smriti Irani

Textiles Minister Smriti Irani on Saturday said that the COVID-19 pandemic has thrown up opportunities and the sector should commercialise this scope.

She said that the textiles sector is always looking for subsidy but one should keep in mind that subsidy is taxpayers' money.

"There is a need to see opportunities and not wait for another crisis," Irani said at a webinar organised by ICC.

Citing an example, she said that the personal protective equipment (PPE) category is a case in point.

"India has become a new player in the PPE category after the pandemic surfaced," she added.

Regarding textile parks, the minister said that during the UPA rule, no role was envisaged for state governments.

"State governments need to oversee the functioning of these parks if employment opportunities are to be raised," she added.

She rued that many promoters of these parks have run away after availing of the subsidy.

Irani also said that the carpet industry will be aided as India is emerging as a key player in the international market.

"If the export promotion council of the carpet industry takes up the matter, it will help the textiles department," she said.

Also Read: Banks sanction Rs 1.30 lakh crore, disburse Rs 82,065 crore loans to MSMEs under credit guarantee scheme

Also Read: Vedanta delisting to become costlier by Rs 4,000 crore at current market price

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