Between the year 2012 and 1013 alone, India has imported toys worth over Rs 1,200crore.

"Most of the toys come from other countries, majorly from China. Our country can very well do a better job in toy production. So we are looking at a similar policy for toys and leather", said the official.

At present, an inter-ministerial belonging to the textile industry is working on a time-bound action plan to implement the government’s decision. The other members of the group include representatives of the Planning Commission and the Department of Expenditure and Financial Services.

Plans to implement and facilitate the action will be taken care by the National Manufacturing Competitiveness Council with Planning Commission Industry and the group will be headed by a chief economic advisor. The commencement of work on the five pilot projects for development of flatted factories in the chosen textile parks will begin this year and the textile ministry will soon finalize the requirement of equity funds along with additional financing for the venture construction.

Next to agriculture, textile industry stands second to provide the largest employment. It contributes 14 pct to industrial production, 4pct to GDP and 17pct to export earnings. With 40 textile parks already set up in the country, another 20 parks were announced last year to bring about more competition and productivity from the sector.

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