NEW DELHI: The 21 new textile parks are expected to attract an investment of more than Rs 9,000 crore and will provide employment to 4 lakh textile workers, as per the year-end review released by the Union Textile Ministry.
Under the Scheme for Integrated Textiles Parks, the government has sanctioned the new Textile Parks with a project cost of Rs 2,100 crore for the implementation time period of 36 months.
With the implementation of these new parks, the government is looking to provide balanced regional development, promote textiles industry in North Eastern states and in states where the industry is in a developing stage of development and to boost textiles parks in cooperative and handloom sectors.
The product mix of these parks would include apparels and garments parks, hosiery parks, silk parks, processing parks, technical textiles including medical textiles, carpet parks, powerloom parks.
After agriculture sector, the textile industry is the second largest provider of employment. The sector contributes accounts to 14 per cent contribution of industrial production, 4 per cent of GDP and 10.63 per cent of country’s export earnings.
The sector also provides direct employment to more than 35 million people, including a substantial number of SC/ ST, and women.
India today said it will soon collaborate with Australia to upgrade and develop the wool industry in both the countries.
“India and Australia is in the advanced stage of finalising a memorandum of understanding (MoU) on the production and trade of wool and woollen products,” said a Commerce Ministry statement.
NEW DELHI: India’s organic textile exports may jump by 50% to nearly Rs 1,500 crore during the financial year 2012-13 with the unveiling of a new national certification standard, said Agricultural and Processed Foods Export Development Authority (APEDA).
In the fiscal 2011-12, these exports stood at Rs 1,027 crore, said the data offered by the APEDA.
Moreover, the certification standard ‘National Organic Textile Standards (NOTS)’ would be helpful in strengthening the demand for organic textiles products and also benefit the domestic manufacturers, environment, said APEDA Chairman Asit Tripathy.
APEDA Chairman Asit Tripathy said, “This aims at having uniform standards which are recognised overseas mainly in major markets such as Europe, Germany and Japan.”
The move would raise the competitiveness along with the acceptance of the Indian organic products. NOTS would be consisted under the National Programme for Organic Productions (NPOP), administered by the Commerce and Industry Ministry.
BIOTECHNOLOGY HELPED INDIA TO BECOME NET EXPORTER OF COTTON.
The Bt cotton or the genetically modified (GM) variety of cotton has aided the country in becoming a net exporter of cotton, Kiran Majumdar Shaw, chairperson of Biotechnology vision Group, Karnataka stated.
Shaw expressed that the country’s cotton yield have increased two fold to 510 kg per hectare from 225 kg per hectare that was a decade earlier, it has led the country to turn net exporter from being an importer. She stated that Biotechnology has increased the standards in bio-agriculture and bacillus thuringiensis (Bt) cotton has obtained remarkable success which has resulted in an increase in the output by 90 percent in many states.