Uttarakhand govt plans to set up three textile parks

Related Keywords: mega textile policy, rebate on the land price, state capital subsidy, textile in Uttarakhand, textile investments, textile parks in Kumaon, textile parks incentives, textile production in india

Mumbai
Summary: 
The Uttarakhand government is planning to set up a series of textile parks in the Kumaon region by offering attractive incentives, which includes a rebate on the land price, besides capital subsidies

The Uttarakhand government is planning to set up a series of textile parks in the Kumaon region by offering attractive incentives, which includes a rebate on the land price, besides capital subsidies.

Under mega textile policy, three textile parks in Kashipur, Jaspur and Sitarganj are being set up where a host of incentives will be available to attract new investments.

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Industrial output disappointing, textiles appear better in September

Related Keywords: apparel production in india, clothing production in india, index of industrial production, Industrial production in india, textile production in india

Mumbai
Summary: 
The estimates of Index of Industrial Production for the month of September 2013, released by the Central Statistics Office, indicate a disappointing performance of the manufacturing sector during the month. While the general Index was up 2%, manufacturing growth was just 0.6% against the backdrop of the decline of 1.6% recorded in September 2012. Mining output was up 3.3%, higher than 2.2% of last year power generation increased substantially by 12.9% in September 2013 compared to 3.9% of September 2012. This implies that power generation is not an impediment for industrial growth, as it has been depicted until now. Cumulative growth in the industrial production during April-September 2013-14 was more disappointing. It was just 0.4% during the period but a shade higher than last year.

The estimates of Index of Industrial Production for the month of September 2013, released by the Central Statistics Office, indicate a disappointing performance of the manufacturing sector during the month. While the general Index was up 2%, manufacturing growth was just 0.6% against the backdrop of the decline of 1.6% recorded in September 2012. Mining output was up 3.3%, higher than 2.2% of last year power generation increased substantially by 12.9% in September 2013 compared to 3.9% of September 2012.

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