Home / Knowledge / News / Textiles / Ten additional Jute Parks to be set up by 2012
Ten additional Jute Parks to be set up by 2012
08
Jul '08
The Investments in the textiles sector are expected to reach Rs. 1,50,600 crore by 2012 and this enhanced investment will generate 17.37 million new jobs in the textiles sector. Addressing a Press conference in Bengaluru after releasing the booklet tilted “Indian Textiles- The Sunrise Sector, highlighting the achievements of Textiles Sector during the four year tenure of the Government, The Minister for Textiles, Shri Shankersinh Vaghela said that the biggest achievement of the UPA Government was to turnaround the Indian Textiles from Sunset to Sunrise sector.

He said that the textiles industry is increasingly embracing modern technology and work processes, becoming more competitive, building strong brand equity for its products, and consistently achieving higher growth rates than ever in its long history. The Plan allocation for textiles was increased by 66.21% in 2007-08, and by 11.45% in 2008-09.

The textiles exports which were on a downward trajectory due to rupee appreciation, are on the upswing due to timely remedial measures undertaken by the Central Government. The textiles exports were US $ 20.5 billion in 2007-08, and are expected to increase by 20 per cent during this fiscal year.

The Minister informed that thirty Integrated Textiles Parks had been sanctioned under the Scheme for Integrated Textiles Park (SITP), and these Parks on operationalisation will attract an investment of Rs.17, 000 crore, will create employment for 5.75 lakh worker and would produce textiles product worth Rs. 27,400 crore annually. All these parks will start operations by the end of 2008-09. He said that ten additional Parks will be set up by 2012 under SITP. He said that Doddabalapur Integrated Textiles Park in Karnataka would be completed by March next year.

Shri Vaghela said that the Government had imparted a new momentum to the implementation of the Technology Up-gradation Fund Scheme (TUFS) and, on the persistent demand of the industry, the Scheme has been extended up to the end of the XIth Five-Year Plan. He said imported second hand machinery is ineligible for assistance under the TUFS, except automatic shuttleless looms, with a value cap of Rs. 8 lakh and of 10 years vintage and with residual life of 10 years. The efforts of the Government have borne results and the TUFS has attracted 17,043 applications, involving an investment of Rs.1,21,396 crore.

The Minister said that Rs. 60 crore has been provided for the Scheme for setting up of Jute Parks under the Mini-Mission IV of the Jute Technology Mission (JTM). The Scheme will provide entrepreneurs with facilities similar to those available in the Export Processing Zones. During the XIth Five Year Plan Period, Six Jute Parks will be set up in non-special category States and Four Parks will be set up in the North Eastern States.

Four Parks in non- special category States are proposed to be set up at Rezinagar, Murshidabad; Chackchaka, Cooch Behar and Shaktigarh, Burdhaman all in West Bengal, and Shrinagar in Rajasthan.

Must ReadView All

Textiles | On 25th Mar 2017

GST to positively impact retail value chain: CBRE

The implementation of the Goods and Services Tax (GST) bill in India...

Textiles | On 25th Mar 2017

MEGlobal to build first ever US MEG plant

Monoethylene glycol (MEG) producer MEGlobal plans to construct a new...

Courtesy: Ulster Carpet

Textiles | On 25th Mar 2017

Ulster Carpets acquires Griffith Textile Machines

Northern Ireland based manufacturer of carpets, Ulster Carpets said...

Interviews View All

Anavila Misra
Anavila Collection

Fashion shows are also encouraging and highlighting sustainable fashion

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Kai Poehler
Voith Paper GmbH & Co. KG

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

Eamonn Tighe
Nature Works LLC

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

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Ritu Kumar
Label Ritu Kumar

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

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
March 2017

March 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