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India: Govt moots technology missions

2004-8-26


Days of technology missions are back! The Cabinet Committee on Economic Affairs is expected to clear a mission on cotton during its meeting tomorrow.

Cotton production and manufacture of textiles are the two problem areas identified for immediate attention. Cotton grown within the country is short-stemmed cotton which does not produce cloth of high quality.

Textile mills of Gujarat and Maharashtra are mired in obsolete technology, aging and desperately need a technological upgrade. Financial issues dog most of them.

In the present scenario only a technical and financial package from the government can improve the situation of the mills. With a promising immediate future in the form of textile quotas being removed from January next year, the optimism within the industry is indeed high ensuing tremendous sectoral growth.
 
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