Textile Sector – Cotton, Jute, Wool, Silk, Handloom, etc.

Textile Sector – Cotton, Jute, Wool, Silk, Handloom, etc.

Rebate of State Levies (ROSL) Scheme

Note4Students

From UPSC perspective, the following things are important :

Prelims level : Rebate of State Levies (ROSL) Scheme

Mains level : Textile sector of India and its global competitiveness

The Department of Revenue has allowed the release of pending Rebate of State Levies (RoSL) worth Rs 464.13 crore to garment exporters.

We may expect a prelim question like- “The Rebate of State Levies (ROSL) Scheme is related to which of the following industrial sector? ” with some unrelatedly looking options.

Rebate of State Levies (ROSL) Scheme

  • Last year, the Union Cabinet has approved the Scheme to Rebate State and Central Embedded Taxes to Support the Textile Sector.
  • The scheme aimed to reimburse the State levies that garment and made-up exports incurred.
  • But it was discontinued on and replaced with the Rebate of State and Central Taxes and Levies scheme.

Why was such a scheme needed?

  • ROSL plays a vital role for the exporters by providing zero-rated taxation on apparel and made-up products.
  • This scheme enabled the exporters to increase traffic, enhance competitiveness among the global market, and compete against countries such as Sri Lanka, Bangladesh, Cambodia and Vietnam, who enjoy zero taxation.
  • This also benefits the traders who export to the European Union (EU), India’s largest export market for the apparel sector, facing a tariff variation of 9.6 per cent.

Textile Sector – Cotton, Jute, Wool, Silk, Handloom, etc.

National Technical Textiles Mission

Note4Students

From UPSC perspective, the following things are important :

Prelims level : Technical Textiles, About the Mission

Mains level : Textile sector of India and its global competitiveness

The Cabinet Committee on Economic Affairs has given its approval to set up a National Technical Textiles Mission with a view to position the country as a global leader in Technical Textiles.

What are Technical Textiles?

  • Technical textile is a textile product manufactured for non-aesthetic purposes, where the function is primary criterion.
  • They are functional fabrics that have applications across various industries including automobiles, civil engineering and construction, agriculture, healthcare, industrial safety, personal protection etc.
  • Technical Textiles is a high technology sunrise sector which is steadily gaining ground in. India.

National Technical Textiles Mission

  • The Mission would have a four year implementation period from FY 2020-21 to 2023-24.
  • It will move into sunset phase after four years period.
  • A Mission Directorate in the Min. of Textiles headed by an eminent expert in the related field will be made operational.
  • The Directorate will not have any permanent employment and there will be no creation of building infrastructure for the Mission purpose.

Components of the mission

Component-I:  Promoting both (i) fundamental research at fibre level and (ii) application-based research in geo-textiles, agro-textiles, medical textiles, mobile textiles and sports textiles and development of bio­degradable technical textiles.

Component-II: Promotion and Market Development.

Component-III: Export promotion of technical textiles and ensuring 10% average growth in exports per year upto 2023-24. An Export Promotion Council for Technical Textiles will be set up for this purpose.

Component-IV: Promoting technical education at higher engineering and technology levels related to technical textiles.

Textile Sector – Cotton, Jute, Wool, Silk, Handloom, etc.

Purified Terephthalic Acid (PTA)

Note4Students

From UPSC perspective, the following things are important :

Prelims level : PTA and its uses

Mains level : Not Much

  • During her Budget speech, FM Mrs. Sitharaman said that the government was abolishing in “public interest” an anti-dumping duty that was levied on imports of a chemical called PTA.
  • Domestic manufacturers of polyester have called the move a huge relief for the industry, claiming they had been fighting to remove the duty for four-and-a-half years.

What is PTA?

  • Purified Terephthalic Acid (PTA) is a crucial raw material used to make various products, including polyester fabrics.
  • PTA makes up for around 70-80% of a polyester product and is, therefore, important to those involved in the manufacture of man-made fabrics or their components, according to industry executives.
  • This includes products like polyester staple fibre and spun yarn.
  • Our cushions and sofas may have polyester staple fibre fillings. Some sportswear, swimsuits, dresses, trousers, curtains, sofa covers, jackets, car seat covers and bed sheets have a certain proportion of polyester in them.

What led to the government decision?

  • There has been persistent demand that they should be allowed to source that particular product at an affordable rate, even if it means importing it.
  • She had said easy availability of this “critical input” at competitive prices was desirable to unlock “immense” potential in the textile sector, seen as a “significant” employment generator.
  • The duty had meant importers were paying an extra $27-$160 for every 1,000 kg of PTA that they wanted to import from countries like China, Taiwan, Malaysia, Indonesia, Iran, Korea and Thailand.
  • Removing the duty will allow PTA users to source from international markets and may make it as much as $30 per 1,000 kg cheaper than now, according to industry executives.

Textile Sector – Cotton, Jute, Wool, Silk, Handloom, etc.

[pib] Patola Saree

Note4Students

From UPSC perspective, the following things are important :

Prelims level : Patola Saree

Mains level : Promoting Khadi and village industries

In a historic initiative taken by Khadi and Village Industries Commission (KVIC), a first Silk Processing Plant was inaugurated at Surendranagar in Gujarat.

It would help cut down the cost of production of silk yarn drastically and increase the sale and availability of raw material for Gujarati Patola Sarees.

Patola Sarees

  • Patola is a double ikat (dying technique) woven sari, usually made from silk made in Patan, Gujarat.
  • They are very expensive, once worn only by those belonging to royal and aristocratic families. These saris are popular among those who can afford the high prices.
  • Reason being the raw material silk yarn is purchased from Karnataka or West Bengal, where silk processing units are situated, thus increasing the cost of the fabric manifolds.
  • Patola-weaving is a closely guarded family tradition. There are three families in Patan that weave these highly prized double ikat saris.
  • It can take six months to one year to make one sari due to the long process of dying each strand separately before weaving them together.

Textile Sector – Cotton, Jute, Wool, Silk, Handloom, etc.

[pib] Project SURE

Note4Students

From UPSC perspective, the following things are important :

Prelims level : Project SURE

Mains level : Not Much


  • The Union Minister for Textiles launched Project SURE, a move towards sustainable fashion.

Project SURE

  • The SURE project is a commitment by India’s apparel industry to set a sustainable pathway for the Indian fashion industry.
  • SURE stands for ‘Sustainable Resolution’ – a firm commitment from the industry to move towards fashion that contributes to a clean environment.
  • The project has been launched by the Minister, along with Clothing Manufacturers Association of India (CMAI); United Nations in India; and IMG Reliance, the organizers of Lakme Fashion Week.
  • It will be the first holistic effort by the apparel industry towards gradually introducing a broader framework for establishing critical sustainability goals for the industry.
  • This framework would help the industry reduce its carbon emissions, increase resource efficiency, tackle waste and water management, and create positive social impact to achieve long-term sustainability targets.

Five-point Sustainable Resolution

  • Develop a complete understanding of the environmental impact of the garments being currently produced by our brand.
  • Develop a sustainable sourcing policy for consistently prioritizing and utilizing certified raw materials that have a positive impact on the environment.
  • Make the right decisions about how, where, and what we source across the value chain by selecting sustainable and renewable materials and processes and ensuring their traceability.
  • Communicate our sustainability initiatives effectively to consumers and media through our online and physical stores, product tags/labeling, social media, advertising campaigns and events.
  • Through these actions, shift a significant percentage of our supply chain to a sustainable chain by the year 2025, addressing critical global issues such as climate change, contributing to the UN Sustainable Development Goals, and building a world that is safe for the future generations, as an acceptance of a responsibility we all share.

Textile Sector – Cotton, Jute, Wool, Silk, Handloom, etc.

[pib] Muga Silk

Note4Students

From UPSC perspective, the following things are important :

Prelims level : Muga Silk

Mains level : Not Much


  • For Conservation of Muga Silk in natural habitat the Government of India has approved a project on conservation of Muga in natural habitat in Assam, Arunachal Pradesh, Bodoland Territorial Council (BTC) and Meghalaya.

Muga Silk

  • Muga silk is a variety of wild silk geographically tagged to the state of Assam in India.
  • The silk is known for its extreme durability and has a natural yellowish-golden tint with a shimmering, glossy texture.
  • It was previously reserved for the use of royalty.
  • In the Brahmaputra Valley, the larvae of the Assam silkmoth feed on aromatic som (Machilus bombycina) and sualu (Litsea polyantha) leaves.
  • Muga silk can be dyed after bleaching. This silk can be hand-washed with its lustre increasing after every wash.
  • Muga silk, like other Assam silks, is used in products like saris, mekhalas and chadors.
  • Muga silk was recognized as a protected geographical indication (GI) in 2007, and was granted a GI logo for trademark purposes in 2014.

Protecting in its natural habitat

  • Under Integrated Sericulture Development Project (ISDP) of North East Region Textile Promotion Scheme (NERTPS), the Government of India has approved a project on conservation of Muga in natural habitat in Assam.
  • The scheme is being implemented in the following areas:
  1. Upper Doigrung Wild Life area, KarbiAnglong / Golaghat, Assam
  2. Kuklung Reserve Forest range for muga ex-situ conservation site in BTC
  3. Mebo Reserve Forest, Pasighat Forest Division, Pasighat in Arunachal Pradesh
  4. Bagmara Reserve forest, Balpakram National Park, and Tura Peak in Meghalaya

Textile Sector – Cotton, Jute, Wool, Silk, Handloom, etc.

Project ReWeave enables handloom weavers to sell crafts online

Note4students

Mains Paper 3: Economy | Effects of liberalization on the economy, changes in industrial policy and their effects on industrial growth

From UPSC perspective, the following things are important:

Prelims level: Project ReWeave

Mains level: The importance of textiles and apparels industry and issues related to it.


News

  • Microsoft India Saturday announced the launch of a new e-commerce platform here for handloom weavers under its Project ReWeave, as part of its philanthropic initiative.

Project ReWeave

  1. It is e-commerce platform that would help connect artisans to the buyers directly enabling them to expand to newer customers and markets.
  2. It hosts signature collections created by the weaver communities, showcase traditional designs and products created from natural dyes.
  3. It would help sell to a broad set of customers, support weavers in increasing their income and earning a sustainable livelihood while also reviving traditional forgotten Indian art.
  4. Microsoft, in association with the National Institute of Fashion Technology (NIFT), has also curated a special curriculum in ‘CAD and Colour for Handloom Weaving’ to provide digital training in handloom design.

Benefits of such initiatives

  1. With the introduction of our new e-commerce platform, digital empowerment centres and the new design curriculum, the weavers will be able to build on the rich handloom heritage of India and also reach out to a wider customer base.
  2. These initiatives like e-commerce marketplace and design training would ensure weaver communities sustain themselves and provide livelihood to artisans.
  3. This also is a practical solution to motivate younger generation of weavers to continue with their traditions and not divert into other professions.

Textile Sector – Cotton, Jute, Wool, Silk, Handloom, etc.

[pib] Yarn Bank Scheme

 

Note4students

Mains Paper 3: Economy | Effects of liberalization on the economy, changes in industrial policy and their effects on industrial growth

From UPSC perspective, the following things are important:

Prelims level: Yarn Bank Scheme

Mains level: The importance of textiles and apparels industry and issues related to it.


News

Yarn Bank Scheme

  1. To avoid fluctuation in yarn price, government has launched a Yarn Bank Scheme as one of the component of PowerTex India with effect from 01.04.2017 to 31.03.2020.
  2. The Scheme provides interest free corpus fund up to Rs.2.00 crore to the Special Purpose Vehicle (SPV)/Consortium formed by powerloom weavers to enable them to purchase yarn at wholesale rate and give the yarn at reasonable price to the small weavers
  3. It aims to avoid middleman and local supplier’s brokerage charge on sales of yarn.

Objectives

  1. To provide interest free corpus fund to Special Purpose Vehicle (SPV) / Consortium to enable them to purchase yarn at wholesale rate and give the yarn at reasonable price to the small weavers.
  2. To avoid middle man/ local supplier’s brokerage charge on sales of yarn.

Eligibility Beneficiaries

  1. Registered Co-operative Society.
  2. Trusts
  3. Company set-up under the Companies Act, 1956 as amended.
  4. Firm set-up under the Limited Liability Partnership Act, 2008 as amended.

Textile Sector – Cotton, Jute, Wool, Silk, Handloom, etc.

Centre to permit fixed term for textile workers- II

  1. Aim: To provide flexibility in hiring and firing
  2. Seasonal: Certain kinds of industrial activities were seasonal in nature and providing permanent employment for many workers is not feasible at all the time
  3. Flexi: Industries such as garment etc. will be benefited and achieve their full growth and employment potential, as it gives employers flexibility in employment
  4. Contractualisation: The textile business is seasonal in nature and workers need to be employed for a shorter duration which was not permitted so far & as a result, the industry resorts to hiring contract labour
  5. The move will help industries hire workers for a fixed term directly without going through the contractor

Textile Sector – Cotton, Jute, Wool, Silk, Handloom, etc.

Centre to permit fixed term for textile workers- I

  1. News: Centre has proposed an amendment to Industrial Employment (Standing Orders) Central Rules, 2016 to allow the textiles industry to hire workers on a fixed-term contract
  2. This will apply to factories employing a minimum of 100 workers
  3. Fixed-term workers: Will get the same benefits and terms of employment, including working hours, wages and allowances, as provided to permanent employees in the same factory
  4. Contract worker: Will be entitled to the same statutory benefits passed on to a permanent worker in a proportionate manner
  5. However, the textile industry will not be required to give the fixed-term worker any notice period for terminating the contract or any compensation in the case of retrenchment
  6. Context: The move is a part of the reform package approved by the Union Cabinet in June in a bid to give a boost to the textile sector

Textile Sector – Cotton, Jute, Wool, Silk, Handloom, etc.

New weave: skilling through correspondence- II

  1. Focus: Identified weavers’ clusters such as Varanasi, Sivasagar, Murshidabad, Tiruchi, Prakasam and Guntur
  2. Specialised subjects: Secondary and senior secondary level education on design, marketing, business development
  3. For: Handloom weavers and their families
  4. Through: Knowledge sharing, resource optimisation, and synergy of institutions through open schooling

Textile Sector – Cotton, Jute, Wool, Silk, Handloom, etc.

New weave: skilling through correspondence- I

  1. Initiative: Weavers can soon access specially designed distance education to hone their traditional skills and turn entrepreneurs
  2. Tie up: The National Institute of Open Schooling (NIOS) under the Ministry of Human Resource Development and the Union Ministry of Textiles
  3. Aim: To provide education to weavers and their children through a specially designed curriculum
  4. Gains: Understanding of the market, designs and e-commerce in a better way
  5. Traditional weavers from different parts of India would understand one another’s styles better
  6. Certification on completion of the courses

Textile Sector – Cotton, Jute, Wool, Silk, Handloom, etc.

Tax incentives for textile sector to boost exports

  1. News: Government has announced a Rs 6,000 crore special package for the textile sector, with tax and production incentives
  2. Of the Rs 6,000 crore, Rs 5,500 crore is for an additional 5% duty drawback for garments
  3. The remaining Rs 500 crore will be for additional incentives under Amended Technology Upgradation Funds Scheme (ATUFS)
  4. Under ATUFS, subsidy provided to garmenting units is being increased from 15% to 25%
  5. There are also suggestions aimed at bringing in flexibility in labour laws to increase productivity
  1. News: Government has announced a Rs 6,000 crore special package for the textile sector, with tax and production incentives
  2. Of the Rs 6,000 crore, Rs 5,500 crore is for an additional 5% duty drawback for garments
  3. The remaining Rs 500 crore will be for additional incentives under Amended Technology Upgradation Funds Scheme (ATUFS)
  4. Under ATUFS, subsidy provided to garmenting units is being increased from 15% to 25%
  5. There are also suggestions aimed at bringing in flexibility in labour laws to increase productivity

Textile Sector – Cotton, Jute, Wool, Silk, Handloom, etc.

Textile sector- a global scenario

  1. China is gradually relinquishing its leadership position in the garment sector due to its rising wages and production shifting to high technology sectors
  2. This is leading to garment sector firms shifting to countries including Bangladesh and Vietnam
  3. Economies of scale can happen in India & through changes in schemes and regulations, we can realise full potential of the sector in India
  4. Though India was the leader from the years 1995 to 2000, Bangladesh’s apparel exports exceeded that of India in 2003, while Vietnam surpassed India in 2011
  1. China is gradually relinquishing its leadership position in the garment sector due to its rising wages and production shifting to high technology sectors
  2. This is leading to garment sector firms shifting to countries including Bangladesh and Vietnam
  3. Economies of scale can happen in India & through changes in schemes and regulations, we can realise full potential of the sector in India
  4. Though India was the leader from the years 1995 to 2000, Bangladesh’s apparel exports exceeded that of India in 2003, while Vietnam surpassed India in 2011

Textile Sector – Cotton, Jute, Wool, Silk, Handloom, etc.

Rs. 6,000 crore special package for textiles- II

  1. Outcome based: The package moves from input-based to outcome-based incentives where subsidy will be disbursed only after expected jobs have been created
  2. To ensure increased earnings for workers, overtime hours for workers shall not to exceed 8 hours per week, in line with ILO norms
  3. Fixed term employment will be introduced for the sector due to the seasonal nature of the garment industry
  4. A fixed term workman will be considered at par with permanent workman in terms of working hours, wages, allowanced and other statutory dues
  1. Outcome based: The package moves from input-based to outcome-based incentives where subsidy will be disbursed only after expected jobs have been created
  2. To ensure increased earnings for workers, overtime hours for workers shall not to exceed 8 hours per week, in line with ILO norms
  3. Fixed term employment will be introduced for the sector due to the seasonal nature of the garment industry
  4. A fixed term workman will be considered at par with permanent workman in terms of working hours, wages, allowanced and other statutory dues

Textile Sector – Cotton, Jute, Wool, Silk, Handloom, etc.

Rs. 6,000 crore special package for textiles- I

  1. Context: The Union government announced a Rs. 6,000 crore special package for the textile and apparel sector including several tax and production incentives
  2. Aim: Creating one crore jobs, mostly for women, in the next 3 years
  3. Strategic decision: Would strengthen the Indian textile and apparel sector by improving its cost competitiveness in the global market
  4. Govt has also suggested bringing in flexibility in labour laws to increase productivity
  5. Forecast: Increase in exports by $30 billion and help attract investment worth Rs. 74,000 crore in 3 years
  1. Context: The Union government announced a Rs. 6,000 crore special package for the textile and apparel sector including several tax and production incentives
  2. Aim: Creating one crore jobs, mostly for women, in the next 3 years
  3. Strategic decision: Would strengthen the Indian textile and apparel sector by improving its cost competitiveness in the global market
  4. Govt has also suggested bringing in flexibility in labour laws to increase productivity
  5. Forecast: Increase in exports by $30 billion and help attract investment worth Rs. 74,000 crore in 3 years

Textile Sector – Cotton, Jute, Wool, Silk, Handloom, etc.

Power looms running on solar energy likely to get subsidy from Centre

  1. Context: Centre is considering granting subsidy to power looms operating on solar energy as part of its clean energy initiatives
  2. From August 15, power looms in the country will utilise solar energy for running their operations
  3. Aim: To increase the earning of handloom weavers to Rs 500 per day
  4. Initiatives: More than Rs.6,500 crore has been spent by the textile ministry on various schemes, for promotion and development of the textiles sector
  5. Approximately five lakh additional jobs have been created in the past two years in the textiles sector
  1. Context: Centre is considering granting subsidy to power looms operating on solar energy as part of its clean energy initiatives
  2. From August 15, power looms in the country will utilise solar energy for running their operations
  3. Aim: To increase the earning of handloom weavers to Rs 500 per day
  4. Initiatives: More than Rs.6,500 crore has been spent by the textile ministry on various schemes, for promotion and development of the textiles sector
  5. Approximately five lakh additional jobs have been created in the past two years in the textiles sector

Textile Sector – Cotton, Jute, Wool, Silk, Handloom, etc.

Expedite FTAs to double textile exports

News: The Textile Ministry has urged the govt to expedite Free Trade Agreements (FTAs) with the US and EU to help double exports
Reason: India’s textile sector is at big disadvantage compared to Bangladesh and Vietnam
As least developed countries, they are exporting at zero duty, but India’s exports are subject to 10-14% duty
Future: Currently, exports stand at Rs.2.5 lakh crore and the vision is to double it in the next 10 years

  1. News: The Textile Ministry has urged the govt to expedite Free Trade Agreements (FTAs) with the US and EU to help double exports
  2. Reason: India’s textile sector is at big disadvantage compared to Bangladesh and Vietnam
  3. As least developed countries, they are exporting at zero duty, but India’s exports are subject to 10-14% duty
  4. Future: Currently, exports stand at Rs.2.5 lakh crore and the vision is to double it in the next 10 years

Textile Sector – Cotton, Jute, Wool, Silk, Handloom, etc.

NTC to upgrade technology at mills

  1. The Ministry of Textiles and National Textile Corporation (NTC) are working on a road map for NTC mills to meet market demand and upgrade technology.
  2. Plans include expansion, consolidation of the smaller units, limited modernisation and diversification to products such as technical textiles.
  3. NTC has also taken up short-term modernisation which will see Rs.140 crore investment.
  1. The Ministry of Textiles and National Textile Corporation (NTC) are working on a road map for NTC mills to meet market demand and upgrade technology.
  2. Plans include expansion, consolidation of the smaller units, limited modernisation and diversification to products such as technical textiles.
  3. NTC has also taken up short-term modernisation which will see Rs.140 crore investment.

Textile Sector – Cotton, Jute, Wool, Silk, Handloom, etc.

Norms for textile tech fund soon

  1. The Textiles Ministry had given approval for 22 parks under the Scheme for Integrated Textile Parks.
  2. The Union Textile Ministry will issue guidelines for the Amended Technology Upgradation Fund Scheme (ATUFS) in a couple of weeks.
  3. The spinning and ginning segments have not been covered under the revised scheme, which gives thrust to the garment and technical textiles segments.
  4. Six projects had been approved under the Integrated Processing Development Scheme.
  5. Labour laws need amendments and the Ministry is hopeful of bringing them.

It will look into all issues concerning the corridors including land acquisition.

  1. The Textiles Ministry had given approval for 22 parks under the Scheme for Integrated Textile Parks.
  2. The Union Textile Ministry will issue guidelines for the Amended Technology Upgradation Fund Scheme (ATUFS) in a couple of weeks.
  3. The spinning and ginning segments have not been covered under the revised scheme, which gives thrust to the garment and technical textiles segments.
  4. Six projects had been approved under the Integrated Processing Development Scheme.
  5. Labour laws need amendments and the Ministry is hopeful of bringing them.

Textile Sector – Cotton, Jute, Wool, Silk, Handloom, etc.

Green norms proposal may shut units: Textile Ministry

  1. The Environment Ministry has proposed that nearly all textile processing units should eliminate liquid discharges.
  2. It has mandated Zero Liquid Discharge (ZLD) for textile processing units where waste water discharge is over 25 kilo litres/day.
  3. The proposed standards will be too stringent for the domestic textile processing industry.
  4. Reason: Setting up ZLD-effluent treatment plants needs huge initial capital investment as well as high recurring expenditure.
  5. This can trigger a large-scale job losses in textile sector, which is largely unorganised and comprising of SMEs.

The Environment Ministry has proposed that nearly all textile processing units should eliminate liquid discharges.

  1. It has mandated Zero Liquid Discharge (ZLD) for textile processing units where waste water discharge is over 25 kilo litres/day.
  2. The proposed standards will be too stringent for the domestic textile processing industry.
  3. Reason: Setting up ZLD-effluent treatment plants needs huge initial capital investment as well as high recurring expenditure.
  4. This can trigger a large-scale job losses in textile sector, which is largely unorganised and comprising of SMEs.

Textile Sector – Cotton, Jute, Wool, Silk, Handloom, etc.

Cabinet clears amended textile scheme

  1. The Cabinet Committee on Economic Affairs (CCEA) cleared the Amended Technology Upgradation Fund Scheme.
  2. Under the new scheme, apparel, garment and technical textiles will get 15% subsidy on capital investment.
  3. The remaining sub-sectors will be eligible for 10% subsidy, subject to a ceiling of Rs.20 crore.
  4. The amended scheme would give a boost to Make in India in the textiles sector.
  5. The amended scheme will replace the existing Revised Restructured Technology Upgradation Fund Scheme.
  1. The Cabinet Committee on Economic Affairs (CCEA) cleared the Amended Technology Upgradation Fund Scheme.
  2. Under the new scheme, apparel, garment and technical textiles will get 15% subsidy on capital investment.
  3. The remaining sub-sectors will be eligible for 10% subsidy, subject to a ceiling of Rs.20 crore.
  4. The amended scheme would give a boost to Make in India in the textiles sector.
  5. The amended scheme will replace the existing Revised Restructured Technology Upgradation Fund Scheme.

Textile Sector – Cotton, Jute, Wool, Silk, Handloom, etc.

Textile sector can create 45-50% of direct jobs in rural India

  1. Textile sector has a potential to create 45-50% of direct jobs in the rural India.
  2. The sector will be the driving force behind Skill India and Make in India initiatives.
  3. There is a need for branding Indian Cotton against the world labels, and emphasis on R&D to increase productivity.
  4. The average cotton productivity in India is 528 kg/hectare wherein the same stands 2,196 kg/hectare in Australia and 963 kg/hectare in the U.S.
  1. Textile sector has a potential to create 45-50% of direct jobs in the rural India.
  2. The sector will be the driving force behind Skill India and Make in India initiatives.
  3. There is a need for branding Indian Cotton against the world labels, and emphasis on R&D to increase productivity.
  4. The average cotton productivity in India is 528 kg/hectare wherein the same stands 2,196 kg/hectare in Australia and 963 kg/hectare in the U.S.

Textile Sector – Cotton, Jute, Wool, Silk, Handloom, etc.

FICCI moots measures to boost textile sector

  1. Suggesting that India could capitalize on China’s decision to decrease export driven model of economy, FICCI suggested Fin Min to invest in textile sector.
  2. FICCI batted for an increase in funds under Technology Upgradation Fund Scheme (TUFS) and interest subvention for exporters.
  3. They also suggested a reduction in taxes and duties for exports in textile sector believing that revenue loss on this account will be compensated by an increase in consumption.

 

  1. Suggesting that India could capitalize on China’s decision to decrease export driven model of economy, FICCI suggested Fin Min to invest in textile sector.
  2. FICCI batted for an increase in funds under Technology Upgradation Fund Scheme (TUFS) and interest subvention for exporters.
  3. They also suggested a reduction in taxes and duties for exports in textile sector believing that revenue loss on this account will be compensated by an increase in consumption.

Textile Sector – Cotton, Jute, Wool, Silk, Handloom, etc.

New textiles policy aims at 35 million jobs

  1. How? A new draft policy will focus on these things – lack of enough skilled workforce + labour reforms + attracting investments + providing a roadmap for the textile industry.
  2. What else? The Centre is also considering setting up modern apparel garment manufacturing centres in each of the seven NE States.
  1. How? A new draft policy will focus on these things – lack of enough skilled workforce + labour reforms + attracting investments + providing a roadmap for the textile industry.
  2. What else? The Centre is also considering setting up modern apparel garment manufacturing centres in each of the seven NE States.
Subscribe
Notify of
3 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments