Home / Knowledge / News / Textiles / Creation of job opportunities in textile industry- MoT
Creation of job opportunities in textile industry- MoT
03
Mar '08
The Minister of State for Textiles, Shri E.V.K.S. Elangovan, informed the lower house in the Parliament of India, in a written reply to a question by Dr. Dhirendra Agarwal & Shri Harikewal Prasad that the government is aware of the need for increasing investment in the textile sector so as to modernize the textile industry and to make it internationally competitive.

The investment required to modernize the textile industry is estimated at about Rs. 1,50,600 crore during the 11th Plan period, bulk of which has to come from the private sector. Major plan schemes such as Technology Upgradation Fund Scheme (TUFS), Scheme for Integrated Textile Parks (SITP) etc. are accordingly designed in such a way as to encourage private investment in the textile sector. Under TUFS, the total project cost sanctioned as on 31.03.2007 is Rs. 86020 crore.

The Minister further informed that the financial targets in terms of plan expenditure during the last three years have been, by and large, achieved. However, no specific targets for employment generation have been fixed. It is expected that enhanced investment in the textile sector would lead to creation of additional employment.

Press Information Bureau Government of India

Must ReadView All

Apparel/Garments | On 20th Jan 2017

Christopher & Banks revises fourth fiscal guidance

Specialty women's apparel retailer Christopher & Banks Corporation...

Textiles | On 19th Jan 2017

Pakistan imposes duty on Indian fine cotton yarn

A provisional countervailing duty ranging from Rs 26.89 to Rs 55.8 a...

Textiles | On 19th Jan 2017

Union Budget: Textile sector expects excise duty revisions

Excise duty on man-made fibres should be reduced to bring it on par...

Interviews View All

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

DK Sharma
Velocity Apparelz

We constantly communicate with employees at all levels

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Silke Brand-Kirsch
Schlegel und Partner

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

Kai Poehler
Voith Paper GmbH & Co. KG

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

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Pranav Mishra
Huemn

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

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

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