Major initiatives of Ministry of Textiles during 2010
The Ministry of Textiles took several new initiatives during 2010 to achieve faster and inclusive growth and participatory development. Major policy initiatives taken by the Ministry are as under:
Scheme for Integrated Textile Parks:
40 Parks have been sanctioned till date in nine states, with total project cost of about Rs 4141 crore with Government contribution of Rs 1425 crore. When fully functional the Parks would have an investment of Rs 19,500 crore and provide employment to more than 8 lakh persons. Taking into account the success of the Scheme, the Government has approved sanction of new Parks during the 11th Plan with a financial liability of Rs 200 crore and given permission to carry forward liability of these new Parks into the 12th Plan up to Rs 200 crore. With a view to refreshing investor memory about the contours of the Scheme and inviting investment, a series of “Road Shows” were organised at Chennai, Bengaluru, Hyderabad, Ahmedabad and Mumbai. During these shows several Expression of Interest were received. A few Parks are likely to be sanctioned by March 2011.
Integrated Skill Development Scheme:
In the line with the Policy Announcement of the Government, in the Current Five Year Plan, the Government has launched the Integrated Skill Development Scheme for the Textiles & Apparel Sector, including Jute & Handicrafts., with an objective of capacity building of Institutions providing skill development & training in Textiles Sector. Under this Scheme, the Government has envisaged skill development of 27 lakh persons with overall costs of Rs 2360 crore over the next five years. Under the Scheme, the first project of Ministry the Apparel Training Development Centre has been launched for manufacturing of Apparel through Research & Training workforce Training Programme in Tamil Nadu in October this year. The total cost of the project is Rs 29.59 crore of which Government of India would be funding Rs 20.40 crore.
Cotton –Policy interventions in Cotton season 2010-11:
• Registration of cotton export contracts would commence from October 1, 2010
• Actual exports would commence from November 1, 2010.
• The exportable surplus is identified as 55 lakh bales.
• There would be no registration after the exportable surplus is registered.
Cotton Yarn- Policy interventions:
• Hank Yarn obligation expanded from 40s count to 80s counts w e f 31.3.2010.
• The 7.67 percent DEPB incentive on cotton Yarn exports was withdrawn w e f April 21, 2010.
• Duty Drawback on cotton yarn was withdrawn w e f 29.4.2010.
• Strict monitoring of hank yarn obligation started from 1.4.2010.
• Registration of cotton yarn export with office of the Textiles Commissioner was made mandatory w e f 9.4.2010.
• Cotton Yarn Advisory Board has been constituted to monitor the domestic and international prices of cotton yarn.
• There will be no registration of cotton yarn exports beyond 720 million kgs.