Home / Knowledge / News / Textiles / Textile Ministry releases fund to support various schemes
Textile Ministry releases fund to support various schemes
Feb '11
The Textile Ministry has recently doled out Rs 1.61 billion to fund its various schemes aimed at assisting the development of the textile industry, as visualized under the Textile Policy 2009.

By now, the Ministry has disbursed Rs 4.825 billion of the total Rs 7.5 billion allocated for supporting various assistance schemes. Also, the Ministry has forwarded a request to the State Bank of Pakistan to distribute the recently released Rs 1.61 billion on immediate basis, while the directions for releasing the remaining funds sanctioned will be issued at a later date.

The Textile Ministry, during the recent official declaration of fund release, stated that execution of the Textile Policy formulated in 2009, is leading the industry towards the right path. Also that, the continuous rise witnessed in the textile exports over the last two years is reflective of the fact that the textile policy is delivering positive results.

The Ministry's apt move of releasing the allocated funds at appropriate time is proving useful to aid several textile schemes. Also that, the Ministry is earnestly working to sustain the development and growth of the Textile industry.

Further, it is even important to note that there has been a considerable rise of 25.8 percent in the country's textile exports during the first half of the current financial year which commenced on July 1, 2010.

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: UN Department of Public Information

Textiles | On 18th Jan 2017

World economy expanded by just 2.2% in 2016: UN

The world economy expanded by just 2.2 per cent in 2016, the slowest...

Textiles | On 18th Jan 2017

Schoeller unveils water-repelling fabric ‘bling’

Schoeller textiles, Swiss textile company, has released its new...

Textiles | On 18th Jan 2017

China lays out plan to boost foreign investment

The Government of China has outlined measures to boost foreign...

Interviews View All

Sachin Sharma
Gem Enviro Management Pvt Ltd

There are no significant differences between virgin yarn and PET recycled...

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Kai Poehler
Voith Paper GmbH & Co. KG

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

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Eric Scholler

The Indian market has huge potential in technical textiles, and by far,...

Ritu Kumar
Label Ritu Kumar

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

Karan Arora
Karan Arora

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

Robert Brunner

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

January 2017

January 2017

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


Browse Our Archives


Subscribe today and get the latest News update in your mail box.
Advanced Search