Home / Knowledge / News / Textiles / Major initiatives of Ministry of Textiles during 2010
Major initiatives of Ministry of Textiles during 2010
04
Jan '11
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.


Must ReadView All

Courtesy: Stone Island

Apparel/Garments | On 25th Jun 2018

Stone Island has mastered ingredient branding: Braind

Italian high-end men's apparel brand Stone Island tops the list of...

Courtesy: Tecnorama

Textiles | On 25th Jun 2018

'Tecnorama automatic dyeing system offers efficiency'

Italy based Tecnorama’s fully-automatic machinery for dispensing...

Courtesy: Pantone

Textiles | On 25th Jun 2018

Pantone unveils polyester standards

Pantone, provider of professional colour standards for the design...

Interviews View All

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

Tom Adeyoola

Describing itself as the best body shape and garment fit company in the...

Rajat Jaipuria

Activewear brand Soul Space promotes organic cotton farming and...

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

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...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Ritu Kumar
Label Ritu Kumar

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

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

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

Leave your Comments


June 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search