Piyush Goyal: 'The National Capital Goods Policy' to help local Textile Machinery become big opportunity

25th October 2021, Mumbai:

The National Capital Goods Policy (NCGP) is designed to help local manufacturers transit ramping up to become as large an ₹7.5-trillion industry by 2025 opportunity from a modest estimated size of ₹2.3 trillion way back in FY15, Union minister Piyush Goyal allude on Sunday.

Just for the quick contest," The National Capital Goods Policy (NCGP), approved by the Union Cabinet in May 2016, envisages employing 30 million people by 2025 up from a meager 8.4 million in 2014-15.

Interacting with manufacturers, The minister exhorted local manufacturers to get out of the copy-paste mindset/ command-and-control mind block to pivot processes on the lines of working through plug and play mode to make an opportunistic case out of it while the world looks for China Plus one supply chain strategy in this vibrant textile sector.

Goyal made a sincere suggestion of looking at the manta of ' THREE' with a razor-sharp focus on "speed, Skill and Scale to develop & bring up 100 champions companies as in overarching theme to break the ice & create a credible eco-system going forward.

Let us not forget The government has already set in a goalpost of $100 billion for textiles and clothing (T&C) exports over the coming five years.

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