Govt to support textiles industry meet environmental standards

The government of India, under the 12th five year plan has earmarked sum of Rs500 crore for the textile industry to meet the required environmental standards by adopting modern technology, Lok Sabha was informed today.

The Ministry of Textiles, Government of India will be implementing an Integrated Processing Development Scheme (IPDS) in public private partnership (PPP) mode by Special Purpose Vehicle (SPV), which will be a corporate body registered under the Companies Act, Textiles minister Santosh Kumar Gangwar said responding to questions in the House.

Under the scheme the funding pattern sees sharing of funds between Government of India, state governments and SPV in the ratio of 50:25:25 respectively.

The government of India will provide support limit to 50 percent of the project cost with a ceiling of Rs 75 crore for projects with Zero Liquid Discharge and Rs 10 crore for projects with conventional treatment systems.

Recent Posts

GFA, ReHubs launch blueprint to scale textile recycling

Global Fashion Agenda and ReHubs have launched the 2030 Circularity Blueprint to strengthen T2T recycling and support the transition toward…

1 hour ago

Accelerating Circularity to improve T2T recycling collaboration

Accelerating Circularity has introduced Textile-to-Textile Circularity Foundations to improve coordination and implementation in T2T recycling systems.

1 hour ago

Claras Materials LLC to strengthen textile supply for recycling

Claras Materials LLC has announced its launch as a specialised supply chain company focused on post-consumer textile raw materials.

1 day ago

Aegis Fibretech develops material for fusion neutron shielding

Aegis Fibretech has presented results showing that its new electrospun materials can capture and contain neutrons generated in nuclear fusion…

1 day ago

Denim Deal, World Collective to scale circular denim production

Denim Deal, an initiative to promote circular practices in denim production, is working toward expanding textile recycling efforts in India…

2 days ago

NFW introduces biobased alternative to traditional rubber outsoles

Natural Fiber Welding (NFW), based in Peoria, Illinois, has introduced Pliant footwear outsoles made entirely from bio-based natural rubber.

2 days ago