NEW DELHI, Mar 18: Textiles Minister Smriti Zubin Irani on Thursday informed the Rajya Sabha that seven mega textile parks will be set up in next three years, enabling the textile industry to become globally competitive, attract large investment and boost employment generation.
Ms Irani, in a written reply, said the Production Linked Investment scheme of Rs 10,683 crore over a five year period covering MMF and Technical Textiles sector, announced in the Union Budget 2021-22, will create global champions in exports, and domestic production in textile sector will also grow substantially.
The Union government is also implementing a number of schemes for promotion of textile sector, including Amended Technology Upgradation Fund Scheme (A-TUFS), Schemes for the development of the Powerloom Sector(Power-Tex), Schemes for Technical Textiles, Scheme for Integrated Textile Parks (SITP), Scheme for Additional Grant for Apparel Manufacturing Units under SITP (SAGAM), SAMARTH- The Scheme for Capacity Building in Textile Sector (SCBTS), Jute (ICARE- Improved Cultivation and Advanced Retting Exercise), Ministry of Textiles said in a statement.
Besides, Integrated Processing Development Scheme (IPDS), Silk Samagra, National Handloom Development Programme, National Handicraft Development Programme, Integrated Wool Development Programme (IWDP), North East Region Textiles Promotion Scheme (NERTPS), Rebate of State and Central Taxes and Levies (ROSCTL), Scheme for Production and Employment Linked Support for Garmenting Units (SPELSGU) will also be implemented. (UNI)
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