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Part - IX

• Achieve increase in cotton productivity by at least 50% and upgrade its quality to international standards, through effective implementation of the Technology Mission on Cotton.

• Launch the Technology Mission on Jute to increase productivity and diversify the use of this environment-friendly fiber.

• Assist the private sector to set up specialized financial arrangements to fund the diverse needs of the textile industry..

• Set up a Venture Capital Fund for tapping knowledge based entrepreneurs of the industry.

• Encourage private sector to set up world class, environment-friendly, integrated textile complexes and textile processing units in different parts of the country.

• De-reserve Garment industry from the Small Scale Industry sector.

• Strengthen and encourage the handloom industry to produce value added items and assist the industry to forge joint ventures to secure global markets.

• Re-design and revamp, during the 10th Five Year Plan, the Schemes and Programmes initiated in the handloom, sericulture, handicrafts and jute sector to ensure better returns for those belonging to the disadvantaged categories, and the North East and other backward regions of the country.

• Facilitate the growth and strengthen Institutions including NIFT (National Institute of Fashion Technology) on innovative lines.

• Review and revitalize the working of the TRAs (Textile Research Associations) to focus research on industry needs.

• Transform right size and professionalize all field organizations under the Ministry of Textiles to enable them to play the role of facilitators of change and growth.

Concluded.

* Contributed by -
Siddharth Mohan Patnaik, B.Tech. (Electronics),
Ravulpathi Janaki, B.Tech. (Mechanical),
II Year, IIM Lucknow.