Textiles industry to attract Rs1500 bn investment by 2010

19 May '08

3 min read

In pursuance of announcement made by the Prime Minister, the Government will shortly launch Technology Mission on Technical Textiles to build capacity, upgrade skills, create domestic and export market and standardise product development.

Besides, the Government will implement "Development and Growth of Technical Textiles" Scheme during the XIth Five Year Plan at an estimated cost of Rs.44 crore.

Four Centres of Excellence (COE) for technical textiles such as Meditech, Geotech, Agritech and Buildtech, will be setup under the scheme.

The Government intends to create a Development Council for Technical Textiles to identify the problems of the industry and suggest measures.

Infrastructure Development:

The UPA Government is committed to develop world-class infrastructural and production facilities at handicrafts, handlooms, and decentralised powerlooms clusters with a minimum of 5,000 looms (handlooms and powerlooms) through adoption of a Comprehensive Cluster Development approach.

The following mega clusters will be taken up for development during this financial year:

- Handlooms in Varanasi (Uttar Pradesh), and Sibsagar (Assam)
- Handicrafts in Narsapur (Andhra Pradesh) and Moradabad (Uttar Pradesh)
- Powerlooms in Bhiwandi (Maharashtra) and Erode (Tamil Nadu)

The Scheme for Integrated Textile Parks (SITP) was launched by the UPA Government in July 2005 to strengthen infrastructural facilities in potential growth areas. Till March 31,2008, 30 Integrated Textile Parks had been sanctioned.

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