CENTRE TO SET UP TEXTILE MANAGEMENT
INSTITUTE IN COIMBATORE
The Ministry of Textiles will establish
a textile management institute in Coimbatore. To be named after
Sardar Vallabhbhai Patel the institute will start functioning
in six months. This was announced by the Textiles Minister Shri
Syed Shahnawaz Hussain while delivering the inaugural address
at the setting up of a ‘Center of Excellence’ of the Delhi based
International Institute of Fashion Technology here today. The
Textile Management Institute will provide a post graduate diploma
course covering the entire gamut of textile sector including retail
management, value addition in the chain of production, marketing
and brand promotion. He said, the Institute will function in the
now defunct NTC Staff College after making an investment of about
five crore rupees on expansion. The Minister said, the director
of the institute has been appointed and recruitment of the faculty
is on.
Shri Syed Shahnawaz
Hussain said, despite strong domestic demand, exports have witnessed
steady growth over the years. The share of India’s textile exports
in the world has grown from 1.8 percent to about 3 percent in
the last twenty years. Now the exports stand over 12 billion US
Dollars, forming about 27 percent of India’s total exports. He
said, the size of the domestic market for garment industry is
estimated to be around Rs. 75,000 Crore. The Indian apparel market
is going through expansion in the retail sector which at present
is at a low level of around 6 to 7 percent of the total Indian
retailing turnover. This provides the Indian professionals and
entrepreneurs with huge opportunities to promote Indian apparel
brands designed and manufactured in India.
The Minister said,
with the lowering of tariff barriers, removal of quantitative
restrictions and the phasing out of the MFA regime, the textile
industry is poised to enter an era of fierce competition not only
in exports but in the domestic market as well. He said, to meet
the emerging situation the government is continuously providing
an enabling environment for the industry to be globally competitive.
He hoped that India will achieve a export turnover of 50 billion
US Dollars of textiles and apparels by 2010 of which the share
of ready-made garments would be 25 billion US Dollars.
