Integrated textile parks to generate 10 lakh jobs

Source: The Hindu Business Line, Apr 23, 2013

New Delhi: The 61 textile parks approved under the Scheme for Integrated Textile Parks (SITP) are expected to generate over 10 lakh jobs. These parks will have total estimated investment of Rs 27,562 crore.

Commerce, Industry and Textiles Minister Anand Sharma launched 21 new Textile Parks on Tuesday. With these the total number parks go up to 61.

This scheme has been instrumental in development of wide range of models for greenfield clusters, including 1,000-acre FDI driven integrated clusters, 100-acre powerloom clusters and 20-acre handloom clusters.

Of the 61 parks sanctioned – 40 projects were started in the 11th Plan and another 21 projects are to be implemented in the 12th Plan.

Out of the 40 parks sanctioned earlier, 25 are operational. The others are expected to be completed during this financial year.

State break-up

Out of 21 new parks, six are in Maharashtra, four in Rajasthan, two each in Andhra Pradesh and Tamil Nadu and one each in Uttar Pradesh, West Bengal, Tripura, Karnataka, Gujarat, Himachal Pradesh and Jammu & Kashmir.

In this year’s Budget speech, the Finance Minister announced an additional amount of up to Rs 10 crore per park for setting up apparel manufacturing units for the projects under the SITP.

 

Trade unions wants Centre to release funds for textile mills

Source: The Economic Times, Apr 18, 2013

PUDUCHERRY: A joint meeting of leaders of various trade unions of workers of the three textile mills in the union territory has called upon the Centre to release funds to tone up the mills which had good potential for offer of jobs and enhancing economy.

Leaders of trade union of Sri Bharathi Mills, Swadeshi Cotton Mills and the AFT mill at meeting held yesterday adopted a resolution called upon the territorial administration to make out a strong case with the Centre and procure as much as Rs 500 crores needed for modernization of the mills.

India, Mauritius to discuss investment potential in textiles

Source: The Economic Times, Feb 01, 2013

NEW DELHI: Mauritius will discuss this month the investment potential in that county’s textile sector with Indian industry leaders.

“The Industry, Commerce and Consumer Protection Minister of Mauritius would be visiting India (this month) during which he would discuss the possibilities for Indian investment in the textiles sector with captains of Indian industry,” a joint statement of Textiles Ministry of India and Mauritius said today.

IMG on textiles sector to be set up soon

Source: The Economic Times, Jan 22, 2013

NEW DELHI: An Inter-Ministerial Group (IMG) on textiles sector will soon be set up to look into industry’s problems like high customs duty on synthetic fabric and labour issues, Cabinet Secretary Ajit Kumar Seth said today.

AEPC pleads for incentive, customs duty cut to boost textiles export

 Source: The Hindu Business Line, Jan 14, 2013

To boost textiles exports, apex garments industry body AEPC on Monday sought measures like customs duty reduction on synthetic fabric and adequate availability of credit at affordable rates in the next budget.

In its pre—budget proposals, the Apparel Exports Promotion Council (AEPC) Chairman A Sakthivel also asked for removal of service tax on services like exhibitions.

“Services provided to local or government authority by the Export Promotion Council should be exempted from the service tax,” he said.

Textile manufacturers pitch for duty cuts

Source: The Hindu Business Line, Jan 09, 2013

Textiles and clothing manufacturers have asked the Government to bring down taxes on a range of products including machinery, branded garments and imported fibre to help them stay competitive in the domestic and export markets.

Imports of special machinery for manufacturing synthetic garments and process fibres should be allowed at zero duty to promote manufacture of synthetic garments that have a major market globally, the Apparel Export Promotion Council said in its wish-list for Budget 2013-14.

Textiles industry seeks easier imports of cotton yarn, fabric

Source: The Economic Times, Dec 21, 2012

NEW DELHI: The textiles industry today asked the Commerce Ministry to ease the process of imports of cotton yarn and fabric to help boost exports, which have been hit hard by the global demand slowdown.

“Imports of cotton yarn and fabrics should be permitted without licence at flat fixed customs duty rate,” Apparel Export Promotion Council Chairman A Sakthivel said in a proposal to Commerce Secretary S R Rao.

US moves WTO accusing India of giving fresh export subsidies to textile industry

Source: The Economic Times, Oct 30, 2012

NEW DELHI: The US has accused India of wrongfully giving fresh export subsidies to its textile industry instead of phasing them out as mandated by the World Trade Organisation. It has also complained to the multilateral body about the country ignoring its requests for bilateral discussions on the issue.

Tough time lies ahead for textile market this season

Source: The Economic Times, Oct 19, 2012

KOLKATA | AHMEDABAD: The upcoming festival season in Uttar Pradesh, Punjab, Bihar, West Bengal and Maharashtra has not yet given much fillip to the textile market. Polyester, cotton yarn and fabric prices have fallen by almost 5-10% in the last fortnight. The industry feels that the next fortnight is crucial when demand picks up ahead of Diwali.

Gujarat unveils new textile policy

Source: Business standard, Sept 06, 2012

Mumbai/Ahmedabad: rming it as another ‘White Revolution in Cotton’, Gujarat Chief Minister Narendra Modi on Wednesday announced Gujarat Textile Policy 2012.

Titled as ‘Navi Gujarat Vastraniti’, the policy looks to attract investment of over Rs 20,000 crore as well as creating new employment opportunities for over 2.5 million people in next five years.