Home / Knowledge / News / Textiles / Textile policy takes steps to revive sick units – Minister
Textile policy takes steps to revive sick units – Minister
01
Feb '10
As per the Federal Minister for Textile Industry Mr. Rana Muhammad Farooq Saeed Khan, no particular measures have been taken to perk up the sick textile industry since July, 2009; however, in the month of August, Federal Cabinet approved the first Textile Policy (2009-2014) that contains several initiatives, which would revive the sick textile industry.

In a bid to make the sector more competitive, short-term and long-term measures have also been incorporated in this policy, and implementation of this policy is being actively executed by the Ministry of Textile Industry, stated the Minister.

The notifications such as Drawback of Local Taxes and Levies Order 2009, Mark-up Rate Support for Textile Sector Order 2009 on September 1, 2009, Export Finance Mark-up Rate Facility Order 2009 have already been issued by the Textile Ministry to execute the key initiatives of the policy.

Whereas, to implement the other initiatives, included in the policy, such as Infrastructure & Skill Development, the modalities are being finalized, informed the Minister. Besides, the Ministry is also spotting areas where these initiatives will prove to be more beneficial for the scattered sub-sectors.

Moreover, negotiations have been conducted with the Ministry of Water and Power and the Ministry of Petroleum and Natural Resources to ensure smoother supply of power and gas to the textile industries, he added by saying.

Fibre2fashion News Desk - India


Must ReadView All

Courtesy: Trinity Kubassek from Pexels

Textiles | On 19th Aug 2018

Australian wool production to fall 5.7% in 2018-19

Shorn wool production in Australia is likely to fall by 5.7 per cent...

Courtesy: Next Level Apparel

Apparel/Garments | On 19th Aug 2018

Blue Point Capital recapitalises Next Level Apparel

Blue Point Capital Partners has recapitalised Next Level Apparel, a...

Retailers approaching 100% inventory accuracy: Study

Apparel/Garments | On 19th Aug 2018

Retailers approaching 100% inventory accuracy: Study

With computer vision use cases maturing, Artificial Intelligence (AI) ...

Interviews View All

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Rahul Bhadani
Looksgud

Navigating through catalogues is a bit hasslesome

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Paolo Crespi

For.Tex is an Italy-based leading producer of dyes and thickeners, and is...

Tejas N Patel, Navin D Patel

Founded in 1999 by Navin Patel in the name of Tejas Fabrics with 100...

Riddhi Jain

Conceived in Europe and curated in New Delhi, NeceSera is a...

Dr. Rene Wollert
Freudenberg Nonwovens

Dr. Rene Wollert discusses the current scenario of the global nonwovens...

Alfonso Marra
Klopman

It was in 1968 that Klopman introduced the concept of poly/cotton workwear ...

Paige Mullis
Glen Raven Inc

Paige Mullis discusses the expansion plans of Glen Raven Inc in India, and ...

Adriano Goldschmied
AG Jeans

The hype around 'designer jeans' was created by him. And the new wave of...

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

Anisha Chaudhari
Threads & Shirts

Threads &amp; Shirts is a freshly-tailored concept providing men/women a...

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


August 2018

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

news category


Related Categories:

Advanced Search