Left Menu
Development News Edition

Textiles ministry likely to start trend forecasting from February, says top official

Textiles ministry likely to start trend forecasting from February, says top official
Image Credit: Wikimedia

The government will start "trend forecasting" for textiles sector this month, using commercial intelligence to determine what could be in vogue in near future, as India gears up to influence global fashion trends, a top official said Wednesday. Textiles Secretary Raghvendra Singh also said the ministry along with export promotion councils was firming up schemes for apparel and made-ups sectors which are WTO-compliant.

"This project has been sanctioned and will be set up around February 26, which basically means that all the commercial intelligence in this sector can be used for forecast the trends in 6 months or a year. This will lead to a big change which is the need of the hour," he told reporters. "We are actually getting influenced by international trends. The kind of punch we have in the textiles sector, it is high time that we became influencers," he added.

Singh pointed out that India was unable to compete in apparel exports because of zero duty access in countries like Bangladesh and Vietnam. "In the past 1-2 months, we have managed to with the help of the Ministry of Commerce and Industry and Revenue (Department). We are trying to take care of WTO-compliance, which is obviously an issue now.

"These things will obviously be added incentives for the exporters which will allow them to compete with the EU and other countries also," he said. Asked if he was referring to more incentives in the pipeline for apparel sector under the MEIS (Merchandise Exports from India Scheme), the secretary quipped "absolutely".

Besides, he said, an innovation and incubation centre is also being set up which will incubate startups in the sector and handhold them to move forward. Singh said a repository of various indigenous crafts will also be prepared.

On technical textiles sector and speciality fibres, he said the ministry was thinking in terms of joint ventures with other countries, and government to government talks are on. He said the government will make more announcements in a week's time for the technical textiles sector. The secretary also said the Remission of State Levies Scheme was being examined for changes and hinted towards a hike in rebates.

(With inputs from agencies.)

Download The Devdiscourse News App for Latest News.



WEF 2020: Trump seems politically correct in pulling out from Paris Agreement

If the survey of the World Economic Forum WEF is believed, Trump seems to enjoy the confidence of his people in flaying climate intuitions and climate activists. His preference for economic development over environmental protection not only...

From home to healthcare, here are Robotic innovations transforming lives

Lovot is equipped with more than 50 sensors such as thermography, microphone array, obstacle detection, and touch sensor to generate motion and emotions in real-time....

Translating words to deeds: Achieving gender parity in access to financial resources

... ...

SDG13: How you can reduce global warming by changing your food habits

The mega narratives of various international organizations give the impression that fighting global warming is only a job of government agencies. However, the European Investment Bank EIB has designed a questionnaire which besides making th...


Latest News

UPDATE 1-Singapore ramps up virus fight, reviving memories of SARS pandemic

Schools in Singapore asked parents to declare overseas holiday plans as authorities screened travelers at air, land and sea checkpoints on Friday, to combat the spread of a deadly flu virus that has revived memories of the SARS pandemic in ...

Awareness drive launched in Birbhum against rumour-mongering

The Birbhum district administration has launched an awareness campaign, asking people not to pay heed to rumours, after digital workers faced the ire of villagers on the suspicion that they were collecting data for the proposed nationwide N...

DMK seeks urgent hearing on plea for disqualification of 11 AIADMK MLAs

The DMK moved the Supreme Court on Friday seeking urgent hearing of its plea for disqualification of 11 AIADMK MLAs, who voted against Tamil Nadu Chief Minister Edappadi K Palaniswami in a confidence motion in 2017. A bench headed by Chief ...

Maha govt plans to increase reward for 'Smart Villages'

The rural development department of the Maharashtra government has decided to increase cash prizes given to top villages at taluka and district levels under a scheme and name it after late NCP leader R R Patil. Rural Development Minister H...

Give Feedback