Home / Knowledge / News / Textiles / Indian Textiles Ministry okays 13 textile parks
Indian Textiles Ministry okays 13 textile parks
19
Sep '14
The Ministry of Textiles, Government of India, has approved setting up of 13 textile parks, which will involve a minimum investment of Rs. 1 billion each.
 
Speaking at a book-launching event in New Delhi, Minister of State (Independent Charge) for Textiles Santosh Kumar Gangwar said he had approved the setting up of 13 textile parks. “We will consider investment proposals of minimum Rs. 1 billion for the parks, and subsidy amount of Rs. 400 million each will be provided by the Ministry,” he said.
 
A textile industrial park set up with an investment of Rs. 1 billion would be able to create employment opportunities for 2,500 to 3,000 people, as the textile industry generates maximum employment after agriculture, the Minister said.
 
Mr. Gangwar informed that he had called a meeting of the Textile Ministers of states next week, to seek their inputs on the new improved Textiles Policy and other related matters.
 
One of the key objectives of the new Textiles Policy is to increase India’s global market share to 12 percent from the current 4 percent over the next ten years.
 
The existing National Textile Policy was framed in 2000, and since then India’s textile industry has undergone several changes. The new Policy would also address concerns related to adequate skilled workforce, labour reforms, attracting investments in the textile sector, and also provide a future roadmap for the textile and apparel industry.
 
The new policy is also expected to include recommendations for creating world class infrastructure for Textile Parks, for developing and modernizing the powerloom and handloom sectors, for addressing environment concerns, and for assessing the credit requirements of the textile sector. (RKS)
 

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 24th Jul 2017

Govt extends deadline for GST composition scheme to Aug 16

The Government on India has extended the deadline for small...

L-R: Dhanapal, JMD, Best Corporation; Prabhu Damodaran, Convenor, ITF; Narayanasamy, MD, Micro Cotspin; Senthilnathan, MD Rasitex India; and Sabapathy, MD, Prasanna Spinning Mills

Textiles | On 24th Jul 2017

TN mills seek partnership with cotton growing states

Spinning mills in Tamil Nadu are seeking stronger partnership with...

Textiles | On 24th Jul 2017

Irani terms GST as a ‘great step towards transparency’

Union textiles minister Smriti Irani has termed the Goods and...

Interviews View All

Priyanka
Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Abhimanyu Singh Rathore & Barbara Anna Kosiorek
Kannbar

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Victor Chao
Esmetex

‘In future, clothing boundary lines will become increasingly blurred.’

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Paolo Ocleppo
Sandvik Hyperion

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

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Karan Arora
Karan Arora

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

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

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

July 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


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



X