Innovative Initiatives Inclusion in Indian Industries for Powerlooms

Abstract

The government of India is serious for the upliftment of Textile Industry and various Innovative Initiatives Included in Indian Industries for Power loom sector. The motive is to make more productive for more contribution in the Gross Domestic Product (GDP), the employment generation and enhancement of export potential. From the age of Rig-Veda to Niti Ayog era, the growth in the sector is visible furthermore the U.S. Bureau of Economic Analysis states in his report published on April 2017 that the Indian Textile Sector demonstrates that human economies have entered a phase of growth where performance indicators such as Human Development Index, Genuine Progress Indicator, Ecological Footprint, Happy Planet Index etc are taken into consideration in budget and policy formulations.

The budgetary provisions for textile and power loom sector are as per the developed countries framework. Our Prime Minister makes a maiden appeal “I want to tell the people of the whole world: Come, make in India. Come and manufacture in India. Go and sell in any country of the world, but manufacture here. We have the skill, talent, discipline and the desire to do something. We want to give the world an opportunity that comes make in India. He is committed to facilitating investment, foster innovation, enhance skill development, protect intellectual property and build best in class manufacturing infrastructure in the country, the implementation of Innovative Initiatives in Indian Industries for Power loom sector is one of his endeavors to remove widespread unemployment and poverty, and massive inequity in the distribution of wealth to shift our country into the status of Developed Country.