https://www.zeebiz.com/india/news-budget-2022-expectations-textile-sector-expects-fund-allocation-for-skill-development-automation-and-replacement-of-old-machinery-176956
The textile sector is a vital part of the economy, providing employment to millions of people and contributing significantly to the country's GDP. In recent years, there has been a growing emphasis on skill development, automation, and the replacement of old machinery in the textile industry. Ranjana Rani and Ruchi Jain, experts in the field, have highlighted the importance of fund allocation for these key areas.
Why is skill development crucial in the textile sector?
Skilled workers are essential for the growth and competitiveness of the textile industry. With rapid technological advancements, there is a need for workers who are proficient in operating and maintaining modern machinery. Investing in skill development programs can help bridge the gap between the demand for skilled labor and the available workforce.
How does automation benefit the textile industry?
Automation has revolutionized the textile sector by increasing efficiency, reducing production costs, and improving product quality. By automating repetitive tasks, manufacturers can streamline their operations and enhance overall productivity. Allocating funds for automation can help textile companies stay competitive in the global market.
What is the significance of replacing old machinery?
Outdated machinery can hinder the performance and output of textile factories. By replacing old equipment with modern, energy-efficient machines, manufacturers can boost production capacity and reduce maintenance costs. Fund allocation for the replacement of old machinery is essential for ensuring the sustainability and growth of the textile sector.
In conclusion, the textile sector expects fund allocation for skill development, automation, and the replacement of old machinery to drive innovation, enhance productivity, and maintain global competitiveness. Ranjana Rani and Ruchi Jain's insights underscore the importance of investing in these key areas to secure the future of the textile industry.