Develop umbrella policies for cotton, closed jute mills: Parliamentary panel to govt

The Standing Committee on Labour, Textiles, and Skill Development proposed an umbrella policy for the cotton sector and comprehensive measures for reviving closed jute mills or establishing new ones. It suggested exploring alternative markets for silk exports beyond UAE, US, and EU to offset potential export value declines. The committee advised incentivizing cotton farmers instead of scrapping import duties and urged a comprehensive study on cotton production issues. Additionally, it urged expediting the National Textile Policy formulation.

Disclaimer : Mytimesnow (MTN) lets you explore worldwide viral news just by analyzing social media trends. Tap read more at source for full news. The inclusion of any links does not necessarily imply any endorsement of the views expressed within them.