Home > News > Sops to textile units in Eleventh Plan

Sops to textile units in Eleventh Plan

source: china textile 2010-08-26  

As per information available with the Ministry of Textiles, a total of 334 textile mills were enlisted with the Textile Commissioner’s Office, Mumbai, during the Eleventh Plan. These included 177 non-SSI spinning units, 11 non-SSI composite mills, 138 SSI spinning units and 8 Exclusive Weaving Mills.

Information relating to the units that came up in the decentralized segments such as knitting, processing, garmenting and made-ups is not available. No new textile mill has been set up in the Public Sector during the 11th Five Year Plan. This information was given by the Minister of State for Textiles, Smt. Panabaaka Lakshmi in a written reply in the Rajya Sabha to a question raised by Shrimati T. Ratna Bai.

The Minister further stated that the Government has introduced a number of schemes such as Technology Upgradation Fund Scheme (TUFS), Scheme for Integrated Textile Parks (SITP) and various schemes for the development of the Powerloom, Handloom, Handicrafts, Silk and Wool sectors for the overall development of the textile sector and welfare of the weavers and artisans.

The Board of Industrial and Financial Reconstruction (BIFR) has approved a revival plan for the National Textile Corporation (NTC) at a total cost of Rs.9102.72 crore which includes closure of unviable mills and revival of viable mills. As per the revival plan, 77 unviable mills have been closed and 18 mills have so far been modernized by NTC, the Minister added.