Screen Print India Magazine

Screen Print India Magazine

A Premier Magazine on Screen Printing, Textile Printing, Digital Printing
advertise@adityaexpo.com

Subscribe

HomeBusinessSITP to create world-class infrastructure facilities for setting up of textile units

SITP to create world-class infrastructure facilities for setting up of textile units

23 September 2020: The Government is implementing Scheme for Integrated Textile Park (SITP) for the creation of world-class infrastructure facilities for setting up of textile units. These textile units will come up in Arunachal Pradesh, Assam, Manipur, Meghalaya, Mizoram, Nagaland, Tripura, Sikkim, Himachal Pradesh, Uttarakhand and Union Territory of Jammu & Kashmir and Union Territory of Ladakh; with ceiling limit of Rs. 40.00 crores for each textile park. Further, the proposal to set up Mega Textile Parks by the Ministry of Textiles is at the stage of discussion.

According to the Union Minister of Textiles Smriti Irani, to boost production in knitting and knitwear clusters, Government has launched a separate scheme for development of Knitting and Knitwear Sector to boost production in knitting and knitwear cluster at Ludhiana, Kolkata and Tirupur. 

Moreover, the Government is implementing Amended Technology Up-gradation Fund Scheme (ATUFS) for technology up-gradation of the textile industry to incentivize production with an outlay of Rs.17,822 crore during 2016-2022. It is expected to attract investment of Rs.1 lakh crore and generate 35.62 lakhs employment in the textile sector by 2022.

North East Region Textile Promotion Scheme (NERTPS) for promoting textiles industry in the NER by providing infrastructure, capacity building and marketing support to all segments of textile industry.

Share With:

Screen Print India Weekly News Letter

Subscribe Now...

X
X