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

Textiles | On 23rd May 2017

Grasim’s VSF business net revenue up 12% in Q4 FY17

The viscose staple fibre (VSF) business of Grasim Industries has...

Apparel/Garments | On 23rd May 2017

Apparel, footwear use may rise by 63% in 2030: Report

The apparel and footwear consumption is projected to rise by 63 per...

Textiles | On 22nd May 2017

Maintaining NAFTA benefits is crucial: Cotton council

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

Interviews View All

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Sonia Agarwal
Whitenife

‘The terms eco-friendly and organic are common but everyone perceives them ...

Sunil Rathore
Lacoste India

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

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Steve Cole
Xerium Technologies

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

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Bani Batra

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

Yash P. Kotak
Bombay Hemp Company

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

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