India Server
AddThis Feed Button
SpectrumSpectrum

Spectrum
The textiles minister, Dayanidhi Maran, on Tuesday announced that more sops will be available for the textile Industry.


Textile Industry of India To Have More Sops
Last Updated: 2009-07-08T11:22:37+05:30
PrintMailRecommend This Site
Textiles Minister Dayanidhi Maran on Tuesday said that some more announcements on empowerment of weaker sections and facilities for the growth of medium and small-scale enterprises in the sector would be made soon. 
"We are going to converge with certain other announcements, particularly empowerment of weaker sections, welfare of workers in the unorganized sector and facilities for the growth of medium and small scale enterprises to utilize fully the assistance under schemes outlined in the budget," Maran told reporters in New Delhi. 
"We have a huge task cut out before us to utilize the provisions of the budget for making our sector go from strength to strength." 
In the budget that was presented on Monday, planned allocation for the textile sector has been increased to Rs.4,500 crore from Rs.4,090 crore in the previous fiscal.

The Technology Upgradation Fund Scheme (TUFS) has been allocated Rs.3,140 crore. The scheme aims to spur modernization and attract investment in the sector.

The government has proposed to set up a mega cluster in West Bengal, one in TamilNadu for handlooms and a power loom mega cluster in Rajasthan. 
Also, mega clusters for carpets will be set up in Srinagar and Mirzapur, Uttar Pradesh, to promote textiles. 
"These mega clusters, when operational, will generate employment for 50,000 people and attract an investment of approximately Rs.1,400 crore," Maran said. 
Textiles Secretary Rita Menon added that the sector had got its due in the budget
 
Business


Top 


Latest News


More topics in Business