The Minister of State for Textiles, Shri E.V.K.S. Elangovan, informed the Lok Sabha, in a written reply to a question by Shri Subhash Maharia that the Government has taken a number of measures for enabling the textiles industry, including the knitwear industry, to achieve the export targets.
These include extension of the Technology Upgradation Fund Scheme for modernization of machinery and acquiring state of the art technology and the Scheme for Integrated Textile Parks for equipping the industry with world class infrastructure.
The Working Group on Textiles and Jute industry has recommended an outlay of Rs.3000 crores for the Scheme for Integrated Textile Parks during Eleventh Five Year Plan. An outlay of Rs.450 crore has been provided for the Scheme for Integrated Textile Parks during 2007-08.
The Minister further informed that in addition, the Government has extended a package of concessions to the textiles sector which include enhancement in duty drawback rates and DEPB rates.
Government is also providing funds to the sector under Market Development Assistance Scheme and Market Access Initiative Scheme, whereby funds have been provided to the knitwear sector for promotional activities and for reimbursement to exporters for participation in trade fairs and exhibitions abroad.
Press Information Bureau Government of India
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