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Indian textile industry has been facing problems: minister

Mar '20
Pic: Shutterstock
Pic: Shutterstock
The Indian textile industry has been facing problems like technological obsolesce, high input cost in power and capital, poor access to credit, fragmented units and absence of fibre neutrality for some time, textiles minister Smriti Irani told parliament upper house recently. The government has implemented various schemes to support the sector, she said.

The government is formulating a new textile policy for overall development of the sector, she informed.

The government has launched a separate scheme for development of the knitting and knitwear sector to boost production in knitting and knitwear cluster at Ludhiana, Kolkata and Tirupur, the minister was quoted as saying in a written reply by an official press release.

It is implementing the Amended Technology Upgradation Fund Scheme (ATUFS) to upgrade the textile industry with an outlay of ₹17,822 crore during 2016-2022. It is expected to attract investment of ₹1 lakh crore and generate 35.62 lakh jobs in the textile sector by 2022.

It has launched a special package of ₹6,000 crore in 2016 to boost investment, employment and exports in the garment manufacturing and made-ups sector.

The government is implementing the Scheme for Integrated Textile Park (SITP) that provides support for creation of world-class infrastructure facilities for setting up of textile units. Till now, 56 textile parks have been sanctioned under SITP which are under various stages of implementation, she added.

Fibre2Fashion News Desk (DS)

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March 2020

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