Home / Knowledge / News / Textiles / Khadi production to touch Rs 1300 cr this year
Khadi production to touch Rs 1300 cr this year
11
Mar '16
Union Minister for MSME Kalraj Mishra has said that Khadi production is expected to reach Rs.1300 crore during this fiscal year, generating employment for more 19.50 lakh people. A sum of Rs.341 crore has been earmarked for Khadi & Village Industries Commission for this purpose, according to an MSME Ministry press release.

Mishra also said that 2016-17 will be the development year for MSME with the more allocation and increased job creation. He said that ministry has prepared a time bound action plan for utilising the allocation of Rs.3,000 crore to his ministry and the implementation of major schemes which include PMEGP, SFRUTI, ASPIRE, etc.

At a briefing on the roadmap and budget allocation of MSME Ministry, the Minister said that under PMEGP a sum of Rs.1,139 crore will be utilized during 2016-17 to assist 55,000 projects with Margin Money. This will generate employment for more than 4, 25,000 persons.

Mishra said that to promote the interest of rural artisans, the Government has decided to take up development of 39 clusters with an approximate cost of Rs.60 crore benefiting more than 10,000 artisans.

He said the Government is very keen to strengthen economic activities in rural pockets and with this purpose a sum of Rs.100 crore has been earmarked under the Scheme for Promotion of Innovation in Rural Industries and Entrepreneurship which will be utilized to set up of 45 LBIs and 25 TBIs. He also said that for both SFURTI and ASPIRE, a web based application and monitoring system will be designed and implemented. He said that, Village Industries production is expected to cross Rs.45,000 crore during 2016-17, creating employment for more than 163 lakh people.

The Minister said that a sum of Rs. 43.56 crore has been allotted to take the Coir products to the lavel of 5.5 lakh metric tonnes and create employment for more than 7.25 lakh people and exports of more than Rs.1,500 crore. (SH)

Fibre2Fashion News Desk – India

Must ReadView All

President Donald Trump; Courtesy: White House

Textiles | On 23rd Jan 2017

US textile industry eager to work with President Trump

The US textile industry is eager to work with President Donald Trump...

Textiles | On 23rd Jan 2017

LyondellBasel expands Texas plant ethylene capacity

US based producer of petrochemicals and speciality chemicals...

Textiles | On 23rd Jan 2017

China’s cotton imports down 39% in 2016

China’s total cotton imports declined by 39.1 per cent to ...tons in...

Interviews View All

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

Jurgen Gauger
Spreadshirt

‘Buying crowdsourced or creative designs are much more appealing to the...

DK Sharma
Velocity Apparelz

We constantly communicate with employees at all levels

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
January 2017

January 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search