Tag - Economy

Custom Tailoring as a Career

Dwijendra Kumar Pic Courtesy: Ajjay Mehrra It is not only for wedding looks but also for party wear that a good number of people are customising their looks with fashion designers.No wonder then custom tailoring is gaining popularity and has created new avenues for those in fashion designing. Some of such talented designers begin to work as...

Govt approves Production linked Incentives Scheme to boost Textiles and Apparel Sectors, Create lakhs of Job opportunities

Taking steps forward towards the vision of an ‘Aatmanirbhar Bharat’, Government led by Prime Minister Narendra Modi, has approved PLI Scheme for Textiles for MMF Apparel, MMF Fabrics and 10 segments/ products of Technical Textiles with a budgetary outlay of Rs. 10,683 crore.PLI for Textiles along with RoSCTL, RoDTEP and other measures of...

Taking steps forward towards the vision of an ‘Aatmanirbhar Bharat’, Government led by Prime Minister Narendra Modi, has approved PLI Scheme for Textiles for MMF Apparel, MMF Fabrics and 10 segments/ products of Technical Textiles with a budgetary outlay of Rs. 10,683 crore.

PLI for Textiles along with RoSCTL, RoDTEP and other measures of Government in sector e.g. providing raw material at competitive prices, skill development etc will herald a new age in textiles manufacturing.

PLI scheme for Textiles is part of the overall announcement of PLI Schemes for 13 sectors made earlier during the Union Budget 2021-22, with an outlay of Rs. 1.97 lakh crore. .

With the announcement of PLI Schemes for 13 sectors, minimum production in India is expected to be around Rs. 37.5 lakh crore over 5 years and minimum expected employment over 5 years is nearly 1 crore.

PLI scheme for Textiles will promote production of high value MMF Fabric, Garments and Technical Textiles in country.

The incentive structure has been so formulated that industry will be encouraged to invest in fresh capacities in these segments.

This will give a major push to growing high value MMF segment which will complement the efforts of cotton and other natural fibre-based textiles industry in generating new opportunities for employment and trade, resultantly helping India regain its historical dominant status in global textiles trade.

Technical Textiles segment is a new age textile, whose application in several sectors of economy, including infrastructure, water, health and hygiene, defense, security, automobiles, aviation, etc. will improve the efficiencies in those sectors of economy.

Government has also launched a National Technical Textiles Mission in the past for promoting R&D efforts in that sector.

PLI will help further, in attracting investment in this segment, an official release said.

City Of Apparels coming up in Noida in Uttar Pradesh

UP Govt's recent decision to set up Apparel City at Noida in National Capital Region, Delhi near Jewar Airport is expected to be a boon for the industrial developement of Uttar Pradesh and Delhi-NCR Region . The park will be spread over 150 Acres of area and house approx 100 garment units providing...

Textiles Minister reviews progress of work on Textiles Parks

Union Textiles Minister Piyush Goyal took a review of progress of work on Mega Integrated Textile Regions and Apparel (MITRA) Parks Scheme. These parks will strengthen domestic textiles industry to realise PM  Narendra Modi’s vision of  a self-reliant India, an offical release quoted the minister as saying. During the presentation of budget this year, it was...