The Minister of State for Textiles, Shri E.V.K.S. Elangovan, informed the Rajya Sabha in a written reply to a question by Smt. Hema Malini that the Government is envisaging plan for developing and promoting textile industry in the country.
The Government is implementing schemes like Technology Upradation Fund Scheme (TUFS), Scheme for Integrated Textiles Park (SITP), Mill Gate Price Scheme (MGPS) and Technology Mission schemes, namely Technology Mission on Cotton (TMC) and Jute Technology Mission (JTM) to facilitate Indian textiles industry to grow at the rate of 16 percent in value terms to reach level of US$ 115 billion (comprising of US$ 55 billion of exports and US$ 60 billion of domestic market) and attain 7 percent share in global textile trade by the terminal year of the Eleventh Plan period. These will generate ample employment opportunities.
Press Information Bureau Government of India
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