Indian Economy News

Fashion trends, product design, innovative packaging, high quality of goods and services and high exports to determine India’s success story: Mr. Piyush Goyal

Fashion trends, product design, innovative packaging, high-quality goods and services, and high exports will decide India's success narrative in the future, according to Union Textiles Minister Mr. Piyush Goyal, who was speaking at the 'National Workshop on Convergence of Five Institutes' in New Delhi.

In 2022, a one-of-a-kind project was launched to integrate the five institutes within the Ministry of Textiles, commerce, and industry together. The collaboration of five institutes, namely the Indian Institute of Packaging (IPP), the National Institute of Fashion Technology (NIFT), the National Institute of Design (NID), the Footwear Design and Development Institute (FDDI), and the Indian Institute of Foreign Trade (IIFT), has the potential to create a more dynamic and integrated national design and business education ecosystem that benefits students, industries, and society.

The convergence will result in the integration of knowledge, techniques, and expertise from various sectors, facilitating transdisciplinary integration among various distinct institutions in accordance with the National Education Policy 2020 objectives. Mr. Piyush Goyal stated that India's transformational journey since 2014, led by Prime Minister Mr. Narendra Modi, is now recognised globally, and drew reference to a Morgan Stanley research report that also recognises India as a vital driver of Asian and global growth.

Mr. Goyal praised the workshop participants' presentations and asked the relevant Ministries to work towards implementing the ideas in the presentations within the timeframes allotted. He stated that the ideas discussed at the workshop must be given sufficient shape and implemented for such workshops to be productive.

According to the minister, the National Education Policy 2020 intends to transform the thinking towards education by revising the curriculum and making it more inclusive and dynamic. He stated that the Policy encourages students to think critically to advance in their careers. He stated that the convergence initiative of the five institutes under the Ministry of Textiles, trade, and Industry will not only boost the institutes but also the industry-academia collaboration.

 Mr. Goyal stated that increasing intake in these institutions should be explored because there is a high demand for designers, fashion professionals, and so on. He stated that institutes must aim to build financial, entrepreneurship, personality development, and the ability to confront life's obstacles in their students. The minister also advised that credit systems be devised among these universities to allow students to transfer from one institution to another and to offer dual degree courses.

Mr. Goyal emphasised the importance of these schools' alumni in terms of donation, faculty, mentorship, and more. He emphasised the importance of focusing on improved placements from these institutes. He also urged increased connection with industry for the institutes' general development, as well as giving a curriculum that can aid students in the workplace.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.