Measures to promote exports of textiles

20 Oct '08

4 min read

(vii) Government has allowed 100% Foreign Direct Investment in the textile sector under automatic route.

(viii) Government has de-reserved the readymade garments, hosiery and knitwear from SSI sector so that large scale investments may be encouraged in these sectors.

(ix) National Institute of Fashion Technology (NIFT) has been set up to provide the leadership role in sensitizing the Industry to the concept of value addition by inducting trained professionals to manage the industry. This has resulted in an increased demand for trained professionals in various sectors servicing the industry.

(x) Government has extended a number of relief measures to textiles exporters such as enhanced DEPB & Duty drawback rates, reduced ECGC premium, subvention on credit rates, refund of service tax paid by exporters on various services etc.;

(xi) Apparel Training Design Centres (ATDCs) have been set up throughout the country to cope up the requirement of skilled / semi-skilled manpower for the textile industry.

(xii) To take a serious look at Fashion Education in the changing business context of the opening up of World Economies, Government is taking steps for:-

* Establishing an institution of National Excellence for imparting Fashion Business Education with International Benchmarking.

* appointing a nodal agency for standardizing and benchmarking Fashion Business Education in the country.

* Setting up an Apex Body to train the teachers / trainers imparting Fashion Business Education in the country.

Ministry of Textiles

More Ministry of Textiles - India News... More Textiles News - India...