Industry And Cluster | News & Insights

Incentives for Textile Industry

Published: February 15, 2021
Author: Manali bhanushali

Government is implementing various policy initiatives and schemes for supporting the development of textile sector on PAN-India. These schemes and initiatives which promote technology upgradation, creation of infrastructure, skill development and sectoral development in the textile sector, create a conducive environment and provide enabling conditions for textile manufacturing in the country and helps in boosting textile sector through its various schemes, such as the Amended Technology Upgradation Fund Scheme (A-TUFS), Schemes for the development of the Powerloom Sector(Power-Tex), Schemes for Technical Textiles, Scheme for Integrated Textile Parks (SITP),Scheme for Additional Grant for Apparel Manufacturing Units under SITP (SAGAM), SAMARTH- The Scheme for Capacity Building in Textile Sector (SCBTS), Incentive Scheme for Acquisition of Plant & Machinery (ISAPM), Jute (ICARE- Improved Cultivation and Advanced Retting Exercise), Integrated Processing Development Scheme (IPDS),National Technical Textile Mission(NTTM), Silk Samagra, National Handloom Development Programme, National Handicraft Development Programme, Integrated Wool Development Programme (IWDP), North East Region Textiles Promotion Scheme (NERTPS), Rebate of State and Central Taxes and Levies (ROSCTL), Scheme for Production and Employment Linked Support for Garmenting Units (SPELSGU) etc. The Government had also approved a special package for textile sector with an outlay of Rs. 6000 crores to boost employment generation and exports particularly in Garmenting and Made-ups. Further, major reforms like removal of Anti-dumping Duty(ADD) on Purified Terephthalic Acid(PTA) and Acrylic Fibre have also been taken to encourage the textile sector in the country.

Under the above schemes, financial assistance is provided to the eligible agencies for raw materials, purchase of looms and accessories, design innovation, product diversification, infrastructure development, skill upgradation, lighting units, marketing of textile products in domestic as well as overseas markets and loan at concessional rates.

These above schemes are aimed at promotion/upgradation of textile industries/units and are being implemented all over the country including Uttar Pradesh.

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