Home / News / Year End Review of Indian Textiles Ministry

Year End Review of Indian Textiles Ministry

27 Dec '11

7 min read

(ii) Yarn supply to handloom sector: To address the issue of yarn availability at reasonable prices 10% price subsidy on silk and cotton hank yarn will be provided by the Government and enhancement of the freight reimbursement for transportation of different types of yarn used by the handloom sector in order to offset the increase in fuel cost.

The projected financial outlay involved in the implementation of the comprehensive package during the current year and the 12th Plan period is Rs. 2362.15 crore. The entire funding will be provided by the Government of India.

Other initiatives in Handloom sectors

The Third All India Handloom Census (initiated in 2009-10) has been successfully completed. It is ascertained in the Census that nearly 43.31 lakh identify cards (PICs) to all of the handloom weaving and its ancillary activities. Government has issued Photo identity cards (PICs) to all of them.

The Schemes of the Government of India have played an important role in support and preservation of traditional skills and to facilitate the market linkage for the benefit of the handloom weavers. In addition, 20 Pilot Projects are successfully running in major handloom states all over the country. 541 clusters and 1788 Group Approach Projects have also been developed. A budgetary support of Rs. 2.55 crore has been released to provide the weavers with margin money during the year 2010-11. Each weaver is provided with Rs. 6000 as margin money. To protect the distinctive identify of handloom products the Handloom Mark and Geographical indication (GI) registration has been provided to traditional handloom products from specific regions.

21 New Textiles Parks to Bring Rs 9000 Cr Investments

Government has sanctioned 21 new Textiles Parks under the Scheme for Integrated Textiles Parks with a project cost of Rs. 2100 crores to be implemented over a period of 36 months. The new Textiles Parks would leverage an investment of over Rs. 9000 crores and provide employment to 4lac textiles workers. Government sought to ensure balanced regional development, promote textiles industry in North Eastern States and in States where the industry is in a nascent stage of development and promote textiles parks in cooperative & handloom sectors. The product mix in these parks would include apparels and garments parks, hosiery parks, silk parks, processing parks, technical textiles including medical textiles, carpet parks, powerloom parks.

• Achievements of National Textiles Corporation in 2010-11
• A production value of Rs. 786 crore against Rs. 541 crore in the last year, showing an increase of 45 per cent.
• Sales turnover has gone up by 39 per cent from Rs. 487 crore to Rs. 675 crore.
• The net profit, including income derived out of sale assets, stands at Rs. 1,366 crore up from Rs. 103 crore.
• As of March 1, 2011 the total sale of assets was concluded at Rs. 6317 crore, of which Rs 2,011 crore were realised during the year.
• New brand RAASA was launched by the company in September 2010, for homeware products.
• The first ever e-auction was conducted in July 2010. So far, the company has concluded 10 e-auctions.
• NTC has modernised 17 mills.

Press Information Bureau, Government of India