Govt to formulate new textile policy for holistic development
Published: Mar 13, 2020
By TIOLCORPLAWS News Service
NEW DELHI, MARCH 13, 2020: GOVERNMENT is formulating a New Textile Policy for overall development of the sector. Inputs from all the state governments, individuals through e-portal and different associations are being solicited under broad topics like cotton, silk, jute, wool, man-made fibre, handloom, handicrafts, powerloom, technical textiles, technology & machinery upgradation, infrastructure (spinning, weaving & processing) and human resource development.
Over a period of time, textile industry is facing some problems like technological obsolesce, high input cost (power & capital), poor access to credit, fragmented units, absence of fiber neutrality etc. In order to address these issues/problems, Govt. has implemented various schemes to provide support to Textiles & Apparel Sector:-
(i) Knitting and Knitwear Sector scheme : Government has launched a separate scheme for development of Knitting and Knitwear Sector to boost production in knitting and knitwear cluster at Ludhiana, Kolkata and Tirupur.
(ii) Government is implementing Amended Technology Up-gradation Fund Scheme (ATUFS) for technology up-gradation of the textile industry to incentivize production with an outlay of Rs.17,822 crore during 2016-2022. It is expected to attract investment of Rs.1 lakh crore and generate 35.62 lakhs employment in the textile sector by 2022.
(iii) Government has launched a special package of Rs.6000 crore in 2016 to boost investment, employment and exports in the garmenting and made-ups sector with the following components viz., (i) full refund is provided under Remission of State Levies (ROSL) to the exporters for the State level taxes; (ii) production linked additional incentive of 10% is provided under the Amended Technology Up-gradation Fund Scheme (ATUFS).
(iv) National Handloom Development Programme, Comprehensive Handloom Cluster Development Scheme, Handloom Weaver Comprehensive Welfare Scheme and Yarn Supply Schemes.
(v) National Handicrafts Development Programme (NHDP) and Comprehensive Handicraft Cluster Development Schemes.
(vi) Power Tex India: A comprehensive scheme for Powerloom sector.
(vii) Silk Samagra - An integrated Scheme for development of silk.
(viii) Jute ICARE for increasing the income of farmers through different interventions.
(ix) North East Region Textile Promotion Scheme (NERTPS) for promoting textiles industry.