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 22nd Jul 2017

Govt constitutes GST Feedback and Action Room

The Government of India has constituted a Feedback and Action Room...

Textiles | On 22nd Jul 2017

India’s cotton textile exports fell in FY17: Tamta

The overall export of cotton textiles from India declined in 2016-17...

Textiles | On 22nd Jul 2017

Stella McCartney, Bolt Threads partner for eco fashion

Fashion designer Stella McCartney has partnered with Bolt Threads for ...

Interviews View All

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Jurgen Gauger
Spreadshirt

‘Buying crowdsourced or creative designs are much more appealing to the...

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Eamonn Tighe
Nature Works LLC

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

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Karan Arora
Karan Arora

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

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