Home / Knowledge / News / Textiles / Centre approves 25 new textile parks
Centre approves 25 new textile parks
23
Jun '11
The Central Government has granted its approval for setting up of 25 new textile parks. This was revealed by Ms. Rita Menon, Secretary, Ministry of Textiles, while speaking on the sidelines of the National Garment Fair being held in Mumbai.

There are at present 40 textile parks which generate revenues worth around Rs. 290 billion per annum. For setting up of new textile parks, the Government has received 55 applications, she added.

Ms. Menon said that the Government is likely to increase the allocation under the Technology Up-gradation Fund (TUF) by 25 per cent during the 12th Five Year Plan and would provide higher incentives to the processing industry.

She stated that the first meeting of advisory committee with regards to the TUF scheme is expected to be held this month.

She said that the Ministry is expecting the spread of technical textiles due to the eight centres of excellence and considerable investment and efforts of the Government.

Talking about the new neutral fibre policy, Ms. Menon said that it is getting delayed as the Government needs to address several sub-sections.

Regarding the target of 20 percent set for technical textiles, she said that the Government would extend all possible help and financial assistance to the concerned firms so that the target can be achieved.

Further, while talking about the 10 percent excise duty imposition on branded readymade garments, Menon said that she would strongly put a case against it before the Finance Ministry after receiving the relative data and comprehensive report from Clothing Manufacturers' Association of India (CMAI).

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 22nd May 2017

GST to be biggest achievement of Modi govt: ASSOCHAM

Goods and Services Tax (GST) which is near a roll-out would be the...

Textiles | On 22nd May 2017

Maintaining NAFTA benefits is crucial: Cotton council

The US must remain a participant in a vibrant North American Free...

Apparel/Garments | On 22nd May 2017

Retailers ask Congress not to go for consumption tax

The National Retail Federation has asked US Congress to focus on...

Interviews View All

Nishank Patel
Shri Dinesh Mills Limited

Broad range of fabrics will sell well this financial year

Veronique Lee
Modavanti

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Marazban F Velati
Sutlej Textiles & Industries limited

No training can be effective till the candidate believes in it.

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

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

news category


Related Categories:
May 2017

May 2017

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

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search