Minister Piyush Goyal calls for reducing import dependence of textile machinery in India
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2021/10/6f29afa74f921c1f4928d90f66d3d7f7.jpg)
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Union Minister Piyush Goyal has called for developing 100 Indian textile machinery champions recognized across the world and reducing import dependence of the textile machinery in India by concerted effort between the textile engineering industry and the government together. He also asked textile machinery manufacturers to get out of the command-and-control mindset and work through plug and play to make the textile sector vibrant in name and spirit.
Goyal said that the National Capital Goods Policy is a manufacturing sector policy devised by the Government of India aimed at increasing the production of capital goods from the 2014-15 value of about $31 billion to $101 billion by 2025. He urged the textile industry to focus on speed, skill, and scale and get into an innovative partnership. He said India should look to become a global player in producing textiles machinery, producing at scale, producing with quality and quantity the machinery of choice that the world requires.
The minister said that focus on quality will help to capture bigger markets and higher productivity. He also expressed hope that a modern and upgraded textile machinery ecosystem would have a cascading impact on unorganized Indian textile industry. He said this will set the momentum for continuous advancement and innovation resulting in ever-evolving and enhancing competitive capabilities along the value chain.
![](https://portfolio.investmentguruindia.com/uploads/news/Vodafone Idea Ltd.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Vodafone Idea Ltd.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/pension26.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Gravita India Ltd.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Manappuram Finance.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/aug25v87_75rdVPK.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/aug25v80_0FrKJw5.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/aug25v78_oKGK0NW.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/aug25v65_Li0CQbD.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/aug25v54_BQUEEHO.jpg)
Tag News
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/08/9947b812f3480eb4864958d0544068c9.jpg)
Rss Feed India, UK to continue free trade agreement negotiations till end of August: Commerc...
![Chinese minister says India free to join RCEP trade bloc](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/08/ff0fc145f9536eb26d6b359c72fbcf51.jpg)
![Hon`ble Union Minister Mr. Piyush Goyal and French Foreign Trade Minister Mr. Olivier Becht Jointly Inaugurate `NAVARATAN` Exhibition at G20 TIMM being held in Jaipur](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/08/c5e4a38f59983815df3a0b44f6ed1c59.jpg)
![India`s trade deficit falling at rapid pace; exports to see positive growth in coming months: Piyush Goyal](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/08/85f7f60f9a57c05ff713875a3328d716.jpg)