Home / Knowledge / News / Textiles / New textile parks to be set up at the earliest: Gangwar
New textile parks to be set up at the earliest: Gangwar
01
Sep '14
The Ministry of Textiles, Government of India, has received several applications in connection to new textile parks, which would be set up at the earliest, Minister of State for Textiles Santosh Kumar Gangwar has said.
 
Speaking at an event to mark the 25th anniversary of Tirupur Exporters’ Association (TEA), Mr. Gangwar said a scheme for setting up 25 new textile parks was announced by Finance Minister Arun Jaitley in Budget 2014-15.
 
The Minister also told the audience that the Union Government would hold a meeting of textile ministers of all states in September-end, to fine-tune the draft of the new textile policy, which is expected to be announced soon.
 
He also said that a textile venture capital fund would be created with an initial capital of Rs. 350 million. He informed that the Government is providing a subsidy of Rs. 700 million for setting up a textile processing park, and for this initiative it has set aside a sum of Rs. 5 billion.
 
Mr. A Shaktivel, TEA president said the Government should extend the Mahatma Gandhi National Rural Employment Guarantee Scheme (MNREGS) to the garment sector.
 
Apparel exports from Tirupur have grown from mere Rs. 150 million in 1985 and Rs. 2.7 billion in 1990 to about Rs. 180 billion in 2013-14, Mr. Shaktivel said.
 

Fibre2fashion News Desk - India


Must ReadView All

Pakistan’s FBR imposes 5% sales tax on cotton import

Textiles | On 21st Jul 2018

Pakistan’s FBR imposes 5% sales tax on cotton import

Pakistan’s Federal Board of Revenue recently withdrew sales tax...

Bangladesh drafts policy for Tk1,000 cr govt jute fund

Textiles | On 21st Jul 2018

Bangladesh drafts policy for Tk1,000 cr govt jute fund

Bangladesh will set up a Tk10,000-crore Jute Sector Development Fund...

Ahmad A. Al Sa’adi and Kwon Pyung-Oh display a comprehensive Memorandum of Understanding; Courtesy: Saudi Aramco

Textiles | On 21st Jul 2018

Saudi Aramco, KOTRA sign MoU for business cooperation

Saudi Aramco has signed an MoU with the Korea Trade-Investment...

Interviews View All

Smarth Bansal
Colorjet India Limited

We would like to venture more companies into the Indian market

Vasanth Kumar
Max Fashion India

‘Traditional high-street retailers are now willing to offer franchisees to ...

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Adriano Goldschmied
AG Jeans

The hype around 'designer jeans' was created by him. And the new wave of...

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

Leave your Comments


July 2018

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

news category


Related Categories:

Advanced Search