Business

Indian Government Lists Measures Taken To Give Boost To Textile Industry

The Government of India has released report on achievements made in the textiles sector under Make in India initiative towards November end. Some of the major achievements and contribution of textiles sector include growth in FDI inflow and exports. Between March, 2014 and March, 2016, the FDI equity inflow in the textiles sector added up to US $ 427.55 million. FDI equity inflow grew by 16% in financial year 2015-16. In 2015-16 the share of textiles and apparel in total exports increased to 15% from 13% in 2013-14.

Besides, more than 5.3 lakh persons trained in last two years under Integrated Skill Development Scheme out of which 81% have been placed including 79% of the trained women. 19 new Textile Parks have been sanctioned over last two years with potential to facilitate investment up to Rs. 300 crores and employment to 60,000 people.

200 new production units have been set up in existing textile parks in last two years with the fresh investment of Rs.1500 crores and additional employment generation of 11,000 persons.Textile ministry has implemented the sanction of seven new Common Effluent Treatment Plants (CETP) with Zero Liquid Discharge (ZLD) technology in last two years covering 3000 SME units.

Eight Apparel and Garment making Centers have been set up in all NER States and Sikkim for promoting garment manufacturing in NER. The government has successfully launched Indian Handloom Brand for providing brand value for handloom products. It also launched Indian Handloom Website as a one stop platform for all services to consumers, bulk buyers and handloom producers.

A Special Package of Rs. 6,000 crores was launched for garmenting sector with the aim of creating one crore jobs in next three years and to attract investment worth US $ 11 billion.

Government has received representations from the Textile Industry to provide one-year moratorium for repayment of loans and interests. To respond to the situation, Government has launched a campaign to promote digital payment in the mission mode.

In order to increase the production of raw materials in the country, Government is implementing various policy initiatives and schemes. The Cotton Development Programme focuses on cropping system approach under National Food Security Mission (NFSM) in 15 major cotton growing states with an aim to increase production & productivity.

Government announces Minimum Support Price (MSP) to protect the interest of cotton and jute farmers to avoid distress sales. The Cotton Corporation of India and the Jute Corporation of India conduct procurement of cotton and jute from farmers respectively whenever prices fall below the MSP.

Government implements various schemes to promote production of all the raw materials for textile industry which includes promotion of R&D, technology upgrades, skill upgrades, infrastructure support towards rearing sheds, testing labs, etc. Government is also providing support for the production of raw jute under I-CARE project.