Friday, 20 September 2013

The Potent Policies and the Textile Sector II

As we have already discussed in our previous blogs how The Indian Government has asserted and led Textile industry to be one of the largest employment  provider and a crucial contribute to the G.D.P of the country. This blog is dedicated to some other schemes that promoted and  and tremendously helped shaping and stabilizing Textile sector in the time of Global-deficit.

Integrated Textile Parks, 2005

The scheme was introduced to neutralize the weakness of fragmentation in the various sub-segments of the textile value chain and unavailability of quality infrastructure.

The Eleventh Five Year plan (2007-2012) outlay for the textiles and apparel sector was fixed at US$2.91 billion IE. (INR 140 billion), which is almost four times the outlay fixed during the tenth Plan—US$0.74 billion.

The ministry of textile has always been very resilient in framing responsible policies about planning, development, export and import limit, export promotions and all trade regulations in this sector. This includes all natural and man-made fiber used for clothing, textile and handicraft purpose.  The key area of all textile policy remains:

Technology advancement
enhancement of productivity
quality consciousness
strengthening and increasing the raw material base
product diversification
financial support
generating better and more employment opportunities

Technology mission on Cotton (TMC) 2000:--- The scheme was introduced to address concerns around cotton production and processing sectors and to place the cotton economy on a sound footing. It was initially to be phased out at the end of the Tenth Five Year Plan (2002-07). However the scheme mini plan was extended to the eleventh year plan to meet the targets and provide the desired results.

Jute Technology Mission (JTM) 2006:--- This program has resulted in improved yield and quality of jute fiber. It was instituted with an aim of strengthening the existing infrastructure for the development and supply of quality seeds. Its the results of this mission and other counterparts that the supply of the quality raw materiel to the jute industry comes at reasonable price. This scheme has modernized, upgraded, and improved the overall processing of jute industries.

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