INDIA: Textiles Industry to Attract Rs1500 bn Investment by 2010
The last four years have proved to be a defining period for the Indian textiles industry. In the face of testing global conditions, the Ministry of Textiles, has stayed the course by introducing timely policy changes and innovative programs, aimed at spurring growth and development across the organized and…
Egytex News Desk
Egytex
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. The Government intends to create a Development Council for Technical Textiles to identify the problems of the industry and suggest measures.
Infrastructure Development:
The Government is committed to develop world-class infrastructural and production facilities at handicrafts, handlooms, and decentralized power looms clusters with a minimum of 5,000 looms (handlooms and power looms) through adoption of a Comprehensive Cluster Development approach. The Scheme for Integrated Textile Parks (SITP) was launched by the UPA Government in July 2005 to strengthen infrastructural facilities in potential growth areas. Till March 31, 2008, 30 Integrated Textile Parks had been sanctioned.
Source: Press Information Bureau Government of India
From the Egytex news archive, first published on 25 May 2008. Figures and names are as reported at the time.
