MITRA, PLI program, NTTM highlights of the Indian textile sector in 2021
The government has also launched a National Technical Textiles Mission (NTTM) and the SAMARTH (Skills Development and Capacity Building) program targeting the skills development of unemployed youth in the textiles value chain and skills upgrading. weavers and artisans.
MITRA Parks have a total expenditure of 4.445 crore for five years. The PLI program for textiles particularly targets the high value-added artificial fibers (MMF) and technical textiles segments. Incentives worth 10,683 crore will be provided over five years for the manufacture of notified products.
The decision to create seven PM-MITRA textile-clothing parks, the PLI regime for textiles, the continuation of the RoSCTL regime and the tariff structure until March 2024 to boost the competitiveness of Indian clothing and make-up exports and the regime Modified technology upgrade funds are some of the key initiatives of the Indian Ministry of Textiles this year.
TUFS was a credit-linked subsidy program for the modernization and technological upgrading of the Indian textile industry. The modified TUFS with an allocation of 5,151 crore was implemented with a focus on facilitation and provision of support to micro, small and medium enterprises (MSMEs).
Seventy-one textile manufacturers, 10 industry associations, 13 state government agencies and four sector organizations have been integrated into the SAMARTH program with an allocated target of 3.45 lakh beneficiaries, according to an official press release.
The Cotton Corporation of India was able to purchase around 26 lakh bales under minimum support price operations this year and around 6 lakh cotton producers received a disbursement of 7,600 crore.
The Jute-ICARE (Improved Cultivation and Advanced Retting Exercise) program has been implemented to improve the quality and yield of raw jute production. The Jute Raw Material Bank (JRMB) program aims to provide jute raw materials at ex-factory price to the diversified jute product units of MSMEs.
The Ministry of Textiles also this year approved the rationalization and continuation of the Integrated Wool Development Program (IWDP) from 2021-2022 to 2025-2026 with a total allocation of 126 crore.
Domestic production of textiles and clothing stands at nearly $ 140 billion, including $ 40 billion in textiles and clothing exports. The textile and clothing industry contributed 2% of the country’s overall gross domestic product (GDP) in 2019 and 11% of total manufacturing in gross value added (GVA). Women make up 70 percent of the garment manufacturing workforce and around 73 percent in the hand-weaving industry.
Click here read the press release from the Ministry of Textiles
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