TEXTILES & JUTE INDUSTRY
IN THE ELEVENTH FIVE YEAR PLAN (2007-2012)
shatrughan singh- 27
y The industry which was growing at 3 ² 4 percent during the last six decades has now accelerated to an annual growth rate of 9 ² 10 percent.INTRODUCTION
y The Indian textile industry is in a stronger position now than it
was in the last six decades. 2005. The expiration of the Multi Fibre Agreement (MFA) on 1 jan. led the industry on this trajectory of exponential growth. y Strong and diverse raw material base:a) Third largest producer of cotton b) Fifth largest producer of man-made fibre and yarn. while textiles exports have increased by 16 percent.
. Apparel exports to USA during 2005 have increased by 34.2 percent.
OBJECTIVES OF THE TEXTILES SECTOR IN THE ELEVENTH PLAN
y Build up world class state-of-the-art manufacturing capacities to attain and
sustain predominant global standing in manufacture and export of textiles and clothing. y Attain the 7 percent share in global textile trade by the terminal year of the Plan period.
. y Facilitate Indian textile 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).
upto 31..2009 to enable APMC Agriculture Produce Market Acts and G & P units to complete their projects. The Jute Technology Mission (JTM) should be launched during the Eleventh Five Year Plan for the holistic improvement of this sector. and get their subsidy reimbursed.03. For integrated development and growth of wool and woollen fabrics. Synthetic fibres / yarn should be under the purview of TUFS to encourage the installation of the additional capacities.STRATEGIES TO ACHIEVE GROWTH TARGET
y Technology Mission on Cotton(TMC) extended for a period of two
years.e. the productivity and quality of silk will be improved through the transfer of technology . i.
. a Technology Mission on Wool with four Mini Missions on lines similar to the Technology Mission on Cotton should be implemented during the Eleventh Five Year Plan. which are required to meet the targets of the Eleventh Plan.
The financial outlay during the Eleventh Plan for TUFS may appear to be high at Rs.1. To achieve the growth.CONTI.686 crore were sanctioned
under TUFS it is essential to continue in its present form until the end of Eleventh Five Year Plan.
.2006.50.00 percent p.44. incremental production facilities would have to be set up.600 crore during the Eleventh Plan period. The interest rates currently applicable to the textiles and clothing industries is very high current PLR in India is around 11. It is estimated that the requirement of funds for setting up these incremental facilities will be approximately Rs.315 crore. Considering the growth potential of the textiles industry. projects worth Rs. but considering the contribution of the industry in terms of exports and employment it is negligible.a. and this need to be decrease.11.
y As on 31.07. The Scheme for Integrated Textile Parks should be continued in this plan..
b) Apparel manufacturers c) Technical textiles
. b) Aggressive wooing of the Foreign Direct Investment (FDI) in the textiles machinery sector.
y Infrastructure upgradation in the existing ITIs and Polytechnics which will play
a central role in the entire Human resource development exercise of the textile industry. 20 lakh.Conti. Specific areas needing FDI a) Textiles machinery manufacturing sector . Increasing availability of textiles machinery a) Transfer of textile machinery industry from the Ministry of Heavy Industries to the Ministry of Textiles.. y A Public Private Partnership based approach would be adopted to set up training centresThe Government support would be limited to one time capital grant of 30 percent with a ceiling of Rs.
y A FDI Cell has been set up in the Ministry of Textiles to attract foreign direct
investment in textiles. Brand promotion y Brand development. will deepen the market share and acceptability of Indian apparel. clothing and machinery. thereby leading to increased export earnings y The Indian apparel industry will be encouraged to create a Special Purpose Vehicle (SPV) for the purpose of brand creation and promotion