Home / Knowledge / News / Textiles / Cluster development scheme for powerlooms gets CCEA's nod
Cluster development scheme for powerlooms gets CCEA's nod
21
Sep '13
India’s Cabinet Committee on Economic Affairs (CCEA) has given its approval for continuation of Comprehensive Powerloom Cluster Development Scheme (CPCDS), a Central Sector Plan Scheme, during the 12th Five-Year Plan.
 
The modified scheme with an outlay of Rs. 1.1 billion for 12th Plan will be implemented through a Public Private Partnership (PPP) model.
 
In addition to CPCDS, the CCEA has also approved modification of the guidelines of the scheme for development of Powerloom Mega Clusters at Ichalkaranji, Bhiwandi and future projects.
 
CPCDS assistance under the modified scheme would supplement the development of existing brownfield facilities and infrastructure and enhance their productivity through provision of common infrastructure facilities, modern technology, designing, testing, skill development etc.
 
A gap filling exercise for each cluster would identify the need based infrastructure that is to be funded. The most important change approved in the modified guideline is that the Government to private funding ratio would be 60:40 instead of the existing 40:60.
 
However, the overall limit of CPCDS grant has been decreased to Rs. 500 million during the 12th Plan from the existing Rs. 700 million.
 
CPCDS was launched in 2008-09 by the Central Government for development of Powerloom Mega Clusters at Bhiwandi (Maharashtra) and Erode (Tamil Nadu) as a Central Sector Plan Scheme during the 11th Five Year Plan, with a budget provision of Rs. 700 million for each cluster to assist the entrepreneurs to set up world-class units with modern infrastructure, latest technology and adequate training and Human Resource Development (HRD) inputs along with appropriate market linkages. 
 
Subsequently, the Government further announced development of two more Powerloom Mega Clusters at Bhilwara (Rajasthan) in 2009-10 and at Ichalkaranji (Maharashtra) in 2012-13.
 

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 24th Jan 2017

Textile industry demands relaxation of laws from Budget

The upcoming Union Budget 2017-18 should focus on relaxing certain...

President Donald Trump; Courtesy: White House

Textiles | On 24th Jan 2017

US sets ball rolling for withdrawal from TPP

President Donald Trump has set the ball rolling for withdrawal of the ...

Textiles | On 24th Jan 2017

Indian cotton consumption estimated at 290 lakh bales: CAI

The domestic consumption of cotton during the crop season 2016-17...

Interviews View All

Mandeep Nagi
Shades of India

Women value something that is unique and has a flavour of India

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Marazban F Velati
Sutlej Textiles & Industries limited

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

Ashok Desai
Bombay Textile Research Association

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

Steve Cole
Xerium Technologies

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

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Wendell Rodricks
Wendell Rodricks

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

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

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