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Steel consumption up 11.9% at 9.68 mt in December - The Hindu BusinessLine

Q3 has been specially positive for industry ....

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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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Sops for textiles to weave a global success story - The Hindu BusinessLine

Sops for textiles to weave a global success story
February 02, 2021
Mega Investment Textiles Parks scheme will enable competitiveness
The textiles and apparel sector has the potential to be a global champion. While the government has come out with sporadic policy measures to promote the sector, Budget 2021-22 has outlined some major direct and indirect sops that are expected to create an enabling ecosystem that could help the sector scale-up significantly.
Union Finance Minister Nirmala Sitharaman said a Mega Investment Textiles Parks (MITRA) scheme will be launched to create world class infrastructure with plug-and-play facilities. Seven Mega Textile Parks will be established in three years. This is in addition to the PLI scheme announced 2-3 months ago. ....

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Standing Committee on Labour holds meeting with textile industry

Standing Committee on Labour holds meeting with textile industry
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Industry seeks efforts to boost production of man-made fibre textiles in the country
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Industry seeks efforts to boost production of man-made fibre textiles in the country
The Parliamentary Standing Committee on Labour held a meeting with the heads of the textile industry associations on Tuesday at Tiruppur. The industry sought efforts to boost production of man-made fibre (MMF) textiles in the country.
According to a press release from the National Committee on Textiles and Clothing (NCTC), the committee headed by Bhartruhari Mahtab visited some of the industries in Coimbatore and Tiruppur too. ....

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7 Mega textile parks on lines of China, Vietnam in the works

7 Mega textile parks on lines of China, Vietnam in the works
India has already sanctioned 59 textile parks under the Scheme for Integrated Textile Parks (SITP), of which 22 have been completed.
Synopsis
The textiles ministry has readied a Cabinet note on the proposed national textiles policy, which seeks to position India as a fully integrated, globally competitive manufacturing and exporting hub.
New Delhi: India is likely to develop seven mega textile parks, on the lines of China and Vietnam, as part of a plan to double the industry size to $300 billion by 2025-26.
The textiles ministry has readied a Cabinet note on the proposed national textiles policy, which seeks to position India as a fully integrated, globally competitive manufacturing and exporting hub. ....

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