Govt. Committed to Develop of Textiles Sector to Boost Exports, Production And Job Opportunities
13 December 2021: Government has taken following major initiatives/ measures to help ameliorate the conditions in textile sector to boost exports, production, demand and job opportunities in the sector on pan-India basis.
To boost exports in MMF sector, Government has removed anti-dumping duty on Purified Terephthalic Acid (PTA), a key raw material for the manufacture of MMF fibre and yarn and also on Acrylic fibre, a raw material for yarn and knitwear industry.
The Government has approved setting up of Seven PM Mega Integrated Textile Region and Apparel (PM MITRA) Parks in Greenfield/Brownfield sites including plug and play facility with an outlay of Rs.4,445 crore for a period of seven years upto 2027-28. These parks will enable the textile industry to become globally competitive, attract large investment and boost employment generation. The scheme will enable creation of global champions in exports.
Production Linked Investment scheme of Rs10,683 crore over a five-year period covering MMF and Technical Textiles sector has been announced which will create global champions in exports and domestic production in textile sector will also grow substantially.
To make the textile sector competitive by rebating all taxes/levies in international market, Government has also given its approval for continuation of Rebate of State and Central Taxes and Levies (RoSCTL) on exports of Apparel/Garments and Made-ups till 31st March 2024.
Further, Government is implementing various policy initiatives and schemes for supporting the development of textile industry viz. the 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), Incentive Scheme for Acquisition of Plant and Machinery (ISAPM), Export Market development Assistance(EMDA), Retail Outlet of Jute Diversified Products and Bulk Supply Scheme, Integrated Processing Development Scheme (IPDS), Silk Samagra, National Handloom Development Programme, National Handicraft Development Programme, Integrated Wool Development Programme (IWDP), National Technical Textile Mission, Scheme for Production and Employment Linked Support for Garmenting Units (SPELSGU) etc.
These schemes and initiatives which promote technology upgradation, creation of infrastructure, skill development and sectoral development in the textile sector, create a conducive environment and provide enabling conditions for textile manufacturing in the country and help in boosting the textile sector.
The role of the Government is to ensure conducive policy environment, facilitating in creating enabling conditions for the industry and private entrepreneurs to set up units through its various policy initiatives and schemes. Due to these interventions a number of handloom, powerloom, readymade garments, synthetic yarn and hosiery manufacturing units have been setup across the country.
