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Union Budget 2021: Scheme unveiled to set up mega textile parks in India

Union Budget 2021: Scheme unveiled to set up mega textile parks in India
PTI
Finance Minister Nirmala Sitharaman made the announcement while presenting the Budget 2021-22 in Parliament.
“A scheme of mega investment textile parks will be launched in addition to the PLI scheme,” Sitharaman said.
She informed that 7 mega textile parks will be launched in three years as part of the scheme.
The mega textile parks will have integrated facilities and quick turnaround time for minimizing transportation losses, eyeing big-ticket investments in the sector.
The textile ministry had recently said a scheme and a Mega Integrated Textile Region and Apparel (MITRA) Park, in over 1,000 acres of land with state-of-the-art infrastructure, common utilities and Research and Development (R&D) lab, are under consideration. ....

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Budget's textile boost: 7 mega textiles parks to be setup in 3 years

Budget’s textile boost: 7 mega textiles parks to be setup in 3 years
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Synopsis
“A scheme of mega investment textile parks will be launched in addition to the PLI scheme,” finance minister Nirmala Sitharaman said in her Budget speech.
Similar parks already exist in China, Vietnam and Ethiopia where the entire textiles value chain is covered.
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New Delhi: In a move to make the country’s textile sector a manufacturing and export hub, and create global export champions, India will set up seven textile parks over three years under the scheme of mega investment textile parks which was announced in Budget FY22 on Monday. The parks to be setup over 1,000 acres of land with world class infrastructure, and plug-and-play facilities, will be addition to the Rs 10,683-crore production linked incentive (PLI) scheme for technical textiles and manmade fibre. ....

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Budget 2021: What's in store for textile industry?

Budget 2021: What s in store for textile industry?
Union Budget 2021: A joint committee of textile industry bodies has asked for government s intervention in removing anti-dumping duty on VSF
Mansi Jaswal | February 1, 2021 | Updated 08:27 IST
Finance Minister Nirmala Sitharaman will present the Budget for 2021-22 on February 1
The textile industry, which is among the hardest-hit sectors due to coronavirus, has urged the government to implement a uniform GST for apparel and to abolish anti-dumping duties on viscose staple fibre (VSF) in the upcoming budget.
A joint committee of textile industry bodies has asked for government s intervention in removing anti-dumping duty on VSF to address its spun yarn availability and price issues. Viscose staple fibre is a key input in the manmade fibre sector. ....

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Union Budget 2021: Centre unveils scheme for setting up mega textile parks in India

The government unveiled the scheme as part of an effort to position India as a fully integrated, globally competitive manufacturing and exporting hub for the sector ....

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Budget 2021 unveils scheme for setting up mega textile parks in India

Read more about Budget 2021 unveils scheme for setting up mega textile parks in India on Business Standard. The government on Monday unveiled a scheme for setting up mega textile parks in the country, as part of the Centre s efforts to position India as a fully integrated, globally competitive manufacturing and exporting hub for the sector.Finance ....

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