Advertisement

  • News
  • Columns
  • Interviews
  • BW Communities
  • Events
  • BW TV
  • Subscribe to Print
BW Businessworld

There Is No Shortage Of Cotton In Country: Ajay Tamta

The Minister of State for Textiles, Ajay Tamta, stated in a written reply to a Lok Sabha question, that there is no shortage of either cotton or yarn in the country, while delivering information on the availability of cotton for the textile industry

Photo Credit : Bloomberg

1474616493_ijdB2x_cotton-bloomberg.jpg

The Minister of State for Textiles, Ajay Tamta, stated in a written reply to a Lok Sabha question on July 20, that there is no shortage of either cotton or yarn in the country, while delivering information on the availability of cotton for the textile industry.

There are various policy initiatives and schemes introduced by the government for the domestic manufacturers and exporters. Technology Upgradation Fund Scheme (TUFS), schemes for the development of the Power-loom Sector and Technical Textiles, scheme for Integrated Textile Parks (SITP) and Textile Processing Development (IPDS) are some of the programmes to enable the textile industry to upgrade and make it more competitive.

The Government has also launched Rs. 6000 crore Scheme for Production and Employment Linked Support for Garmenting Units (SPELSGU) under ATUFS, to incentivize production and employment generation in the garmenting Sector.

“These initiatives and schemes will help in the development of the downstream value added segments which in turn will create increased demand for yarn and thereby lead to increased production of yarn,” said Tamta.

Government also introduced special packages for apparel and made-ups sector in June 2016 and December 2016 respectively, which include schemes such as Amended Technology Upgradation Fund Scheme (ATUFS), Pradhan Mantri Paridhan Rojgar Protsahan Yojna (PMPRPY) and Scheme of Rebate of State Levies (RoSL) on export of garments.

Besides, with a view to modernize textile industry and increase production, schemes such as Scheme for Technical textiles, Scheme for Integrated Textile Parks (SITP) and Integrated Skill Development Scheme are also being run by the Government.


Tags assigned to this article:
textiles Ajay Tamta Textile Parks
sentifi.com

Top themes and market attention on: