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FICCI for separate R&D policy for textile sector
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SME Times News Bureau | 22 Jun, 2010
Strength of the Indian textile industry has been in low value and the government needs to formulate a comprehensive R&D policy to make the sector 'fundamentally strong', the Federation of Indian Chambers of Commerce and Industry (FICCI) said on Tuesday.
"FICCI believes to make the textiles sector fundamentally strong and foray in emerging areas, there is a need to develop a comprehensive R & D policy for Indian Textiles sector," FICCI said in its recommendations submitted to the Ministry of Textiles.
The industry body added that currently the strength of Indian textile industry has been in low value and its commodity products are susceptible to intense competition and also few entry barriers.
According to FICCI, a comprehensive R&D policy need to be formulated by the government, which could provide special focus on textile materials that reduce carbon footprint and are obtained from renewable sources.
"In addition, the competitive edge for Indian textile industry will also come from adoption of new and advance materials with functional properties (like anti-microbial fabrics for patients’ dress) in the textiles sector," it noted.
FICCI added that Rs.495 crore corpus will be required for five years to implement the suggested R&D policy, and it should aim at achieving 7 percent share in global market of advance technology based products and high value added items in next five years.
Outlining the objectives of such a policy, FICCI has also suggested setting-up of National Textiles Research Council with seed money of Rs.30 crore and an annual grant of Rs.10 crore.
"This could be the apex body for undertaking and providing direction to research in textiles in the country," it viewed.
The industry body also pointed out that India's share in US imports of special purpose fabric and non-woven fabrics, both of which are high growth products in US imports, was merely 2.6 percent and 1.2 percent in 2009 as compared to China’s share of 15 percent and 12 percent.
"Evidently, these technology intensive products are the future and India needs to strengthen its capabilities to tap this growing market," it noted.
The chamber urged the government to create incubation centres for technology transfer and acceptability by the industry and collaborate with leading international research institutions for conducting joint research projects.
In addition, according to FICCI, the government also needs to adopt innovative technology either locally or internationally developed into their own programmes to serve as role model for the industry.
FICCI also laid emphasis on Indian textile industry's adoption of advance synthetic fibers and understand the applications of genetic engineering, bio-technology, and cellular biology in both natural and synthetic fibre-base.
"Sustainable solutions in the textiles industry are the need of the hour," FICCI said in its recommendations to the government.
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