Home / Knowledge / News / Textiles / Textiles ministry unveils various initiatives in 2016
Textiles ministry unveils various initiatives in 2016
Dec '16
Among many initiatives in 2016, the Indian government announced the Rs 6,006 crore special package for the apparel sector and amended the Technology Upgradation Fund Scheme (TUFS). However, the textiles ministry is yet to announce the much awaited National Textiles Policy, which is expected to boost prospects of the textile and apparel sector.

The Rs 6,006 crore special package for the apparel industry seeks to create one crore new jobs in three years, while attracting investments of $11 billion and at the same time garner an additional $30 billion in exports. The package also included major labour law reforms, a long time demand of the sector.

While the textiles ministry amended the Technology Upgradation Fund Scheme (A-TUFS) to offer a one-time capital subsidy for investments in technology and employment intensive sub-segments of the textile sector.

“On the National Textiles Policy, which is in the making since the previous government, the textiles ministry invited recommendations from stakeholders in drafting the roadmap of the policy, earlier this year,” a news agency reported.

The policy has a goal to accomplish $300 billion in exports from the industry by 2024-25, while also creating 3.5 million jobs. The industry is anxiously awaiting the policy as it is expected to make Indian textile and apparel products more competitive in global markets. (AR)

Click here to download (pdf) Year End Review 2016 by Ministry of Textiles

Fibre2Fashion News Desk – India

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: Lenzing

Textiles | On 25th Jun 2018

Lenzing launches Veocel nonwoven speciality brand

Leading fibre company, the Lenzing Group has unveiled Veocel, the new ...

Interviews View All

Binoy Ravjani
Hero's Fashion

‘One of the recent trends in hand block printing is the indigo process,...

Poojaa Kumar Deepak

Zeven's performance sports apparel is designed for the Indian body type,...

Amrit Sethia

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Suresh Patel
Sidwin Fabric

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

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Karan Arora
Karan Arora

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

Pranav Mishra

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Priya Somaiya
Usha Social Services

The Usha Silai label from Usha International is all set for a retail...

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


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