BusinessScheme to Promote Textile Products

Scheme to Promote Textile Products

-

Union Budget 2021-22 announcements include the launch of the scheme of setting up mega-investment textile parks. Seven mega textile parks will be set up in the next three years. These parks will enable the textile industry to become globally competitive, attract large investment and boost employment generation. The scheme will enable the creation of global champions in exports.

The Production Linked Investment scheme of Rs 10,683/- 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 the textile sector will also grow substantially.

The government of India is also implementing a number of schemes for the promotion of the textile sector. These include 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), Integrated Processing Development Scheme (IPDS), Silk Samagra, National Handloom Development Programme, National Handicraft Development Programme, Integrated Wool Development Programme (IWDP), North-East Region Textiles Promotion Scheme (NERTPS), Rebate of State and Central Taxes and Levies (ROSCTL), Scheme for Production and Employment Linked Support for Garmenting Units (SPELSGU) etc.


Follow IBTN9

Facebook:

Instagram:

Latest

How to Download Digital Voter ID Card Online before Lok Sabha Elections 2024

Easily apply for and manage your digital voter ID card provided by the Government of India before the Lok...

Reliance Launches Vantara: A Groundbreaking Animal Welfare Initiative

In a landmark move aimed at promoting animal welfare and environmental stewardship, Reliance Industries, one of India's largest conglomerates,...

Cutting-Edge Dehradun Startup Redefines Patient-Centric Care

Dehradun, Uttarakhand - Kosha Clinics promises a new era in patient-centric medical care. Founded by a team of passionate...

Understanding Layoffs in Big Tech: Real Stories Behind Tough Decisions

In the world of big tech, where companies are known for their innovation and rapid growth, layoffs can come...
- Sponsored -spot_imgspot_img

On the Future of India’s Travel and Tourism Industry with Satish Khanduri

From vibrant tulips to delicate cherry blossoms to surprisingly tough orchids, flowering plants cover the planet. Travellers travel from...

Tired of WFH? Here are 10 Best Weekend Getaways from Kolkata

Are you suffering from WFH fatigue and looking to refresh yourself with a quick weekend getaway from Kolkata? You...

Must read

How to Download Digital Voter ID Card Online before Lok Sabha Elections 2024

Easily apply for and manage your digital voter ID...

Reliance Launches Vantara: A Groundbreaking Animal Welfare Initiative

In a landmark move aimed at promoting animal welfare...
- Sponsored -spot_imgspot_img

You might also likeRELATED
Recommended to you