29 May 2012

Share of States in Development of Textile Industry/Sector

The Union Government collects textiles statistics on the production of cloth and yarn State-wise in the country. Andhra Pradesh with 164 Cotton/Man-made Fibre Mills is the 3rd largest textiles manufacturing State in the country after Tamil Nadu and Maharashtra. 

Government has enhanced allocations under Technology Upgradation Fund Scheme (TUFS) from Rs.8,000 crores to Rs.15,432 croresin the 11th Five Year Plan for modernization of textiles industry. 

Government has introduced several provisions in the Foreign Trade Policy (2009-14) for providing incentives/concessions to the Textiles & Clothing sector exports, which includes incentives for exports to focus markets and exports of focus products, extension of Duty Entitlement Passbook Scheme, interest subvention on pre-shipment credit, duty-free import of trimmings etc. required by the garment industry and duty-free import of tools by the handicrafts industry. Besides, financial assistance is being provided to the exporters under the Market Development Assistance Scheme and Market Access Initiative Scheme for projecting capabilities in existing markets and exploring new markets. 

This information was given by the Minister of State for Textiles, Smt. Panabaaka Lakshmi in a written reply in the Rajya Sabha

You May Also Like


Popular Posts