26 March 2022, Mumbai:
Export of Textiles and Apparel during April - January 2021-22 is USD 34.46 bn, posting a growth of 49% over the same period in 2020-21.
With a view to attracting investment, boosting employment generation, and increasing production, the Government has approved the Production Linked Incentive (PLI) Scheme for Textiles and Pradhan Mantri Mega Integrated Textile Region and Apparel Parks (PM-MITRA) Scheme for setting up 7 Mega Textiles Parks over a period of 3 years.
The PLI scheme for textiles will promote the production of high-value Man-Made Fibre (MMF), Garments, and Technical Textiles in the country.
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The PM MITRA scheme aims to develop integrated large-scale and modern industrial infrastructure facilities for the entire value-chain of the textile industry and will enhance the competitiveness of the textiles industry, by helping it to achieve economies of scale and will create huge jobs opportunities for millions of people.
Direct Employment in the Textiles sector is estimated at 45 million.
The government is implementing various policy initiatives and schemes to increase investment/expansion of textile industry including modernization of weaving and processing sector such as Amended Technology Upgradation Fund Scheme (A-TUFS), National Handloom Development Programme (NHDP), Integrated Processing Development Scheme (IPDS), Scheme for Integrated Textiles Parks (SITP), Samarth–Scheme for Capacity Building in Textiles Sector, etc.
As per the latest figures from National Accounts Statistics, the contribution of the textile industry as a percentage of industrial production during 2017-18, 2018-19, 2019-20 has been 7%. This information was given by the Minister of State for Textiles Smt. Darshana Jardosh in a written reply in the Rajya Sabha today
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CREDITS: PBI (The news article has not been edited by DFU Publications staff).
