Investments in textiles to create 17.37 mln new jobs by 2012

Written by:
Subscribe to Oneindia News

New Delhi, Jul 7 (UNI) The investments in the textile sector are expected to reach Rs 1,50,600 crore by 2012 and this this would generate 17.37 million new jobs in the textiles sector.

Addressing a press conference in Bengaluru today after releasing the book titled 'Indian Textiles- The Sunrise Sector', highlighting the achievements of textile sector during the four-year-tenure of the Government, the Minister for Textiles Shankersinh Vaghela said, ''The biggest achievement of the UPA Government was to turn around the Indian Textile sector from 'Sunset' to 'Sunrise'.'' He said the textile industry was increasingly embracing modern technology and work processes becoming more competitive, building strong brand equity for its products, and consistently achieving higher growth rates than ever in its long history. The Plan allocation for textiles was increased by 66.21 per cent in 2007-08, and by 11.45 per cent in 2008-09.

The textile exports, which were on a downward trajectory due to rupee appreciation, were on the upswing due to timely remedial measures undertaken by the Centre, he said, adding that the textile exports were 20.5 billion dollars in 2007-08, and were expected to increase by 20 per cent during this fiscal year.

The Minister informed that 30 Integrated Textile Parks had been sanctioned under the Scheme for Integrated Textile Park (SITP), and after operationalisation, will attract an investment of Rs 17,000 crore, creating employment for 5.75 lakh workers and producing textile product worth Rs 27,400 crore annually. All the parks will start operating by the end of 2008-09, he said.

He added that 10 additional parks will be set up by 2012 under SITP and the Doddabalapur Integrated Textile Park in Karnataka would be completed by March next year.

Mr Vaghela said the Government had imparted a new momentum to the implementation of the Technology Up-gradation Fund Scheme (TUFS) and on the persistent demand of the industry, the Scheme has been extended up to the end of the XIth Five-Year Plan.

He said imported second-hand machinery was ineligible for assistance under the TUFS, except automatic shuttleless looms, with a value cap of Rs eight lakh and of 10 years vintage and with residual life of 10 years.

These efforts of the Government have borne results and the TUFS has attracted 17,043 applications, involving an investment of Rs 1,21,396 crore, he said.

The Minister noted that Rs 60 crore has been provided for the Scheme for setting up of Jute Parks under the Mini-Mission IV of the Jute Technology Mission (JTM). The Scheme will provide entrepreneurs with facilities similar to those available in the Export Processing Zones.

During the XIth Five Year Plan, six Jute Parks will be set up in non-special category states and four parks will be set up in the northeast states. Four parks in non-special category states are proposed to be set up at Rezinagar, Murshidabad; Chackchaka, Cooch Behar and Shaktigarh, Burdhaman all in West Bengal, and Shrinagar in Rajasthan.

The Textiles Minister also informed that three centers of National Institute of Fashion Technology (NIFT) will be set up shortly at Patna, Bhopal and Shillong. Recently, two of its centres were opened at Rae Bareli, Uttar Pradesh and at Kannur, Kerala.

The Minister said the Technology Mission on Technical Textiles will be implemented during the XIth Five Year Plan to build capacity, upgrade skills, create domestic and export market and standardise product development.

Besides, the Government will implement Development and Growth of Technical Textiles Scheme during the XIth Five Year Plan at an estimated cost of Rs 44 crore. Four Centres of Excellence (COE) for Meditech, Geotech, Agritech and Buildtech group of technical textiles will be setup under the scheme.

The Minister of State for Textiles E V K S Elangovan, Chairman, Central Silk Board H Hanumanthappa and the senior officials of the Textiles Ministry were also present on the occasion.


Please Wait while comments are loading...