Indian Government releases textile report with high scores

Indian Government releases textile report with high scores

India’s government has released a report on achievements made in textiles sector under ‘Make in India’ initiative. 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 USD 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 60000 people.

Around 200 new production units have been set up in existing textile parks in the last two years with the fresh investment worth Rs 1,500 crores and additional employment generating of 11000 persons. Textile Ministry has set up the sanctioned 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 Centres 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 to handloom products. It also launched Indian Handloom Website as a one stop platform for all services to consumers, bulk buyers and handloom producers.

In order to increase production of raw materials in the country, various policy initiatives and schemes are being implemented. 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.

Special Package for enhancement of sector

Nearly one crore new jobs, USD 30 billion in exports and investment worth Rs 74,000 crores within a period of three years was achieved on account of a special package of measures announced by the Ministry of Textiles to support the apparel sector and enable it to improve its global competitiveness.

A Special Package of Rs 6,000 crores was announced for garmenting sector with the aim of creating one crore jobs in next three years and to attract investment worth USD 11 billion. As per the new package, overtime hours for workers shouldn’t exceed 8 hours per week in line with ILO norms. Considering the seasonal nature of the industry, fixed term employment needs to be introduced for the garment sector. The subsidy provided to garmenting units, under Amended-TUFS, has been increased from 15 % to 25 %.

Providing production incentive through enhanced Technology Upgradation Fund Scheme (TUFS) subsidy of additional 10 per cent for Made-ups, similar to what is provided to garments, based on additional production and employment after a period of 3 years and extension of Pradhan Mantri Paridhan Rozgar Protsahan Yojana (PMPRPY) Scheme (for apparel) to made-ups sector for providing additional 3.67 % share of Employer’s contribution in addition to 8.33 % already covered under Pradhan Mantri Rozgar Protsahan Yojana (PMRPY).

To meet the needs of the industry for a skilled workforce and thereby support its competitiveness, the Integrated Skill Development Scheme has so far imparted training to a total of 8.49 lakh people, out of which 7.50 lakh have been assessed and 5.79 lakh placed.

http://texmin.nic.in/


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