Home / Knowledge / News / Textiles / Indian textile industry has been facing problems: minister

Indian textile industry has been facing problems: minister

13
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)


Must ReadView All

Pic: Shutterstock

Apparel/Garments | On 1st Apr 2020

Five more brands not to cancel export orders to Bangladesh

Five more global fashion brands-three European and two North...

Pic: Martin Good / Shutterstock.com

Retail | On 1st Apr 2020

Ralph Lauren commits $10 mn to COVID -19 response efforts

Ralph Lauren Corporation recently committed $10 million to help its...

Pic: Venturelli Luca / Shutterstock.com

Retail | On 1st Apr 2020

H&M to take goods already manufactured, assures suppliers

Swedish retail giant H&M recently assured its garment suppliers of...

Interviews View All

Nitin Soni, Dolphin Jingwei Machines

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Headhonchos, Indian textile value chain

Headhonchos
Indian textile value chain

Adopt innovative techniques, go for automisation rather than being...

C. Dhandayuthapani, Mag Solvics Pvt. Ltd

C. Dhandayuthapani
Mag Solvics Pvt. Ltd

ITME 2016 exploited our full strength like never before

Ian Burn,

Ian Burn

Camira's expertise goes from farm to fabric and everything in between. The ...

Sham Shah,

Sham Shah

Shamal and Shamal Pvt Ltd is into manufacturing and sales of textile...

Akshat Chaudhary,

Akshat Chaudhary

Aizome, Asia's first Fairtrade denim brand, is all set to launch next...

Silke Brand-Kirsch, Schlegel und Partner GmbH

Silke Brand-Kirsch
Schlegel und Partner GmbH

<div>Schlegel und Partner is the market research and consultancy company...

Mark Brill, Birmingham City University (BCU)

Mark Brill
Birmingham City University (BCU)

<div>A technological breakthrough could see people getting messages about...

Giulio Cesareo, Directa Plus SpA

Giulio Cesareo
Directa Plus SpA

Established in 2005, Direct Plus SpA, is one of the largest producers and...

Jay Ramrakhiani, Occasions Elegance Wear

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Judy Frater, Somaiya Kala Vidya

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Aprajita Toor, Aprajita Toor

Aprajita Toor
Aprajita Toor

The creations by Aprajita Toor were born out of a deep desire to create...

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


March 2020

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


Advanced Search