Hotline: 1800 102 2007
Hotline: 1800 102 2007
Search Business Opportunities
2011-06-21

Textile to get 25 more parks

We will have our first advisory committee meeting for this particular TUF programme towards the end of June, said Rita Menon.

Textile to get 25 more parks

The Centre has given consent to 25 new textile parks, Rita Menon, secretary, Union ministry of textiles told reporters on the sidelines of the National Garment Fair organised by the Clothing Manufacturers’ Association of India (CMAI) on Monday.

Menon said the government had received 55 applications. At present, the 40 existing textile parks generate more than Rs 29,000 crore a year. She said during the 12th five-year plan, the government may increase the size of the Technology Up-gradation Fund (TUF) by 25 per cent. Under the TUF scheme, the government will give more incentives to the processing sector.

 

We will have our first advisory committee meeting for this particular TUF programme towards the end of June,” said Menon. “I am very enthusiastic about it and I think it will exceed the growth rate of 20 per cent in 2011-12 and with the sort of policy we have got into place, where we are virtually going to offset the cost for consultancy and incubation. We expect technical textile to pan out with our eight centres of excellence and a lot of money and commitment that the government has put in.”

 

The Centre has given consent to 25 new textile parks, Rita Menon, secretary, Union ministry of textiles told reporters on the sidelines of the National Garment Fair organised by the Clothing Manufacturers’ Association of India (CMAI) on Monday.

Menon said the government had received 55 applications. At present, the 40 existing textile parks generate more than Rs 29,000 crore a year. She said during the 12th five-year plan, the government may increase the size of the Technology Up-gradation Fund (TUF) by 25 per cent. Under the TUF scheme, the government will give more incentives to the processing sector.

 

 We will have our first advisory committee meeting for this particular TUF programme towards the end of June,” said Menon. “I am very enthusiastic about it and I think it will exceed the growth rate of 20 per cent in 2011-12 and with the sort of policy we have got into place, where we are virtually going to offset the cost for consultancy and incubation. We expect technical textile to pan out with our eight centres of excellence and a lot of money and commitment that the government has put in.”

 

About the new neutral fibre policy, she said the government has to deal with many sub-sections and therefore, it has been delayed.

 

On the 20 per cent growth target for the technical textiles, Menon said the government would provide all possible support, including financial support, to companies in this field.

 

 

Related opportunities
  • Ice Creams & Yogurt Parlors
    About Us: Dessertino is a venture of Santushti Shakes Private Limited..
    Locations looking for expansion Delhi
    Establishment year 2008
    Franchising Launch Date 2016
    Investment size Rs. 20lac - 30lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Delhi Delhi
  • Quick Service Restaurants
    About Us: Started in the year 1999 with great passion and..
    Locations looking for expansion Tamil nadu
    Establishment year 1999
    Franchising Launch Date 2017
    Investment size Rs. 10lac - 20lac
    Space required 300
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Chennai Tamil nadu
  • Quick Service Restaurants
    About Us:  Chawla Chicken (Chawla’s2) is one of the biggest North..
    Locations looking for expansion Punjab
    Establishment year 1960
    Franchising Launch Date 1991
    Investment size Rs. 10lac - 20lac
    Space required 400
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Ludhiana Punjab
  • About Us: Ø   Mini Miracles Educare is a step in children..
    Locations looking for expansion Haryana
    Establishment year 2015
    Franchising Launch Date 2019
    Investment size Rs. 5lac - 10lac
    Space required 1600
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Gurgaon Haryana
Insta-Subscribe to
The Franchising World
Magazine
tfw-80x109
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
email
mobile
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities

Free Advice - Ask Our Experts

pincode
ads ads ads ads