Textile production picking up alongside 29 textile industries faced closure in 2 yrs in India

YarnsandFibers News Bureau, 2014-08-03 13:00:00 - New Delhi

Related Keywords: 29 textile industries, closure, cotton textile industries, export, Indian textile sector, man-made fiber textile industries, overall growth, policy and schemes, production, textile item

New Delhi
Textile production picking up alongside 29 textile industries faced closure in 2

The Indian textile sector although has witnessed overall growth in terms of production of textile items and export during the year 2012-13, 2013-14 and 2014-15 (Apr-May). In the last two year about 29 cotton textile industries have closed in India.
 
As per available information, 29 cotton/man-made fibre textile industries were closed in India during last two years and current year as on 31.05.2014, said India’s junior minister of Textiles Santosh Kumar Gangwar while speaking to the lawmakers in Rajya Sabha, upper house of Indian parliament.
 
The main reason behind closure of mills/industries was financial constraints including other reasons such as strike/labour problem, lock-out, etc.
 
However, Indian government has conducted any survey on impact of closure of industries on production. There is no study done in the knowledge of government.
 
The minister said that Indian government has taken up initiative to launch various policy and schemes, viz., Technology Upgradation Fund Scheme (TUFS), Scheme for Integrated Textile Parks (SITP), Scheme for Development of Technical Textiles, Integrated Skill Development Scheme (ISDS), Schemes for the Development of Powerloom Sector, etc. to encourage and boost textile industry.

0

Related Keywords: 29 textile industries, closure, cotton textile industries, export, Indian textile sector, man-made fiber textile industries, overall growth, policy and schemes, production, textile item

New Delhi
Textile production picking up alongside 29 textile industries faced closure in 2

The Indian textile sector although has witnessed overall growth in terms of production of textile items and export during the year 2012-13, 2013-14 and 2014-15 (Apr-May). In the last two year about 29 cotton textile industries have closed in India.
 
As per available information, 29 cotton/man-made fibre textile industries were closed in India during last two years and current year as on 31.05.2014, said India’s junior minister of Textiles Santosh Kumar Gangwar while speaking to the lawmakers in Rajya Sabha, upper house of Indian parliament.
 
The main reason behind closure of mills/industries was financial constraints including other reasons such as strike/labour problem, lock-out, etc.
 
However, Indian government has conducted any survey on impact of closure of industries on production. There is no study done in the knowledge of government.
 
The minister said that Indian government has taken up initiative to launch various policy and schemes, viz., Technology Upgradation Fund Scheme (TUFS), Scheme for Integrated Textile Parks (SITP), Scheme for Development of Technical Textiles, Integrated Skill Development Scheme (ISDS), Schemes for the Development of Powerloom Sector, etc. to encourage and boost textile industry.

0

Name Company
Mobile Country
Email Report
Verification
 


Related Keywords
29 textile industries closure cotton textile industries export Indian textile sector man-made fiber textile industries overall growth policy and schemes production textile item

 
Let Us Know Your Need
click here icon
 
Pricewatch Enquiry
Name
Company
Phone
Email
Country
 
Word Verification
 
Prices
 
Market Intelligence
  • Polyester Intelligence
    YnFx's Polyester Intelligence Service consolidates all the information at a click. This service provides the following:
    • Daily Price Trends
    • News & Views
    • Weekly Prices on Polyester Chain
    • Price Forecast Covering 3 Regions
    • Spun Yarn Exports from India
    • Polyester Chain - Demand/Supply Statistics
 
Special Reports
 
Country Reports
  •  
    feedback button