One year old UPA Govt's initiatives for textiles sector enumerated

20 May '05

3 min read

Following is the list of achievements and bold inititatives taken by the UPA Government for the textiles and allied sectors.

Hosiery and knitwear from the SSI sector dereserved. Allocation to TUFS enhanced to Rs.435 crore, along with an additional capital subsidy of 10 per cent for the processing sector.

Duties on specified textile machinery items, raw materials and spare parts for manufacture of such machinery brought down from 20 per cent to 10 per cent whereas the existing concessional duty of 5 per cent on some other machinery continued.

Apparel Parks being set up for Export Scheme to promote of modern apparel units at major growth areas with grant upto Rs.17 crore for infrastructure work, training and common facilities.

Textile Centres Infrastructure Development Scheme introduced with the objective of modernizing infrastructure facilities at major textile centres; sixteen projects already sanctioned.

Merger proposed of the TCID and APE Schemes into one restructured “Scheme for Integrated Textile Parks” for speeding up the implementation of the Schemes and to actualize the vision of attaining the export target of $50 billion by 2010.

Establishment of an institution of National Excellence for imparting Fashion Business Education with International Benchmarking proposed.

The Technology Upgradation Fund Scheme further fine tuned to increase rapid investments in the targeted sub-sectors of the textile industry.

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