Technical textiles has a share of 11.43% in India
The share of technical textiles in all forms of textiles world
over is 18.70% whereas the share of technical textiles in India is 11.43%,
according to the Ministry of Textiles of the Government of India.
The Ministry of Textiles of India has taken several steps for the
growth and development of technical textiles by which the share of Indian
technical textiles will improve. Some of the main steps are including Scheme
for Growth and Development of Technical Textiles (SGDTT), which was launched
for tapping the potential of technical textiles and to encourage investments in
the industry, during the year 2007 to 2008 with an outlay of Rs. 46.60 crore.
Meanwhile, the Indian government has implemented Technology
Mission on Technical Textiles (TMTT), which Indian government has launched the
Technology Mission on Technical Textiles with two Mini Missions for five years
starting from the year 2010 to 2011 with an outlay of Rs. 200 crore. The main objectives
of the scheme include standardization, creating common testing facilities with
national or international accreditation, indigenous development of prototypes
and resource centre with IT infrastructure and support for domestic and export
market development of technical textiles etc.
Moreover, formulation of special schemes for the North East Region
for demonstrating improvement in agriculture and infrastructure through the
increased usage and promotion of Agro and Geo Technical Textiles, respectively.
Major machinery for manufacture of technical textiles has been
covered under Technology Upgradation Fund Scheme (TUFS) with 10% capital
subsidy in addition to 5% interest reimbursement to the specified technical
textile machinery. Under the Scheme for Integrated Textile Parks (SITP), the
Indian government provides assistance for creation of infrastructure in the
parks to the extent of 40% limited to Rs.40 crore in which technical textile
units can also benefit. The major machinery for production of technical
textiles is covered in the concessional customs duty list of 5%. Besides,
specified technical textile products are covered under Focus Product Scheme,
which exports of those products are entitled for duty credit scrip equivalent
to 2% of FOB value of exports. The information was given by the Minister of
State in the Ministry of Textiles Smt. Panabaaka Lakshmi in a written reply in
the Rajya Sabh (Council of States, the upper house of the Parliament of India)..
No comments:
Post a Comment