The ministry of textiles has released of the draft fibre policy finalized by the working group and is now available for a wider consultation.
The domestic fibre consumption ratio in India at present is 41:59 (FY 2009) in favour of cotton while it is almost 60:40 globally. The global fibre consumption trend in future is likely to further tilt in favour of man-made fibres as there is a limitation to growth of cotton on account of limited availability of land for cotton cultivation.
Thus given the growing competition in global textile trade and the concomitant changes in the Indian textile sector, a national fibre policy is necessary. A national level working group was therefore constituted to formulate a national fibre policy to address the issues of equitable use of all fibres to attain self- sufficiency in the fibre base to meet both domestic and export demands.
As per the draft policy, the future projections on consumption and production of fibres comprising of natural fibres like cotton, jute, wool, silk besides man-made fibres and the major policy recommendations arrived by different sub-groups for respective fibres have been incorporated in the draft fibre policy.
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