Public RelationsTextileMin to infuse Rs 1,600 cr into Cotton Corp
The Ministry of Textiles, Government of India is planning to infused additional capital of over Rs 1,600 crore to Cotton Corporation of India (CCI). The Ministry also set a target to inaugurate seven mills which are moderinised at the outlay of Rs 130 crore in the next 100 days.
- "National fibre policy by year-end" - Govt mulls national fibre policy for textiles - Maran moots higher subsidy, tax sops - Textile Ministry considering fiscal relief for exporters - Govt may do away with Tufs allocation for N-E - Govt to create 10 mn jobs in textile sector: Maran
“Implementation of 100 days Action Plan”, which was released by Dayanidhi Maran, Union Minister for Textiles stated that deepening of coverage of Technology Upgradation Fund Scheme (TUFS), expansion of Scheme of Integrated Textiles Parks (SITP), constitution of a Working Group for National Fibre Policy, providing platform for e-marketing of Handloom & Handicrafts, accelerating the revival and modernisation of National Textile Corporation (NTC) Mills, expansion of coverage of Health Insurance Scheme for Weavers and Artisans, imparting momentum to Artisans Credit Card Scheme are the part of 100 days agenda.
The Minister also stated that in the next 100 days, the Ministry will make efforts to achieve an additional allocation of Rs 1,660 crore to CCI to meet out its Minimum Support Price (MSP) obligations.
Three Mills including Tata Mills, India United Mill No 5 and Podar Mills in Mumbai which are currently under modernisation programme with an outlay of Rs 73.10 crore by NTC will be inaugurated in the next 100 days.
Similarly, Coimbatore Murugan Mills, Cambodia Mills, Pankaja Mills, Sri Rangavilas S&W Mills will are also getting modernised at an outlay of Rs 56 crore.
Mills, including four in Coimbatore — Cambodia Mills, Pankaja Mills, Sri Rangavilas S&W Mills and Coimbatore Murugan Mills and three in Mumbai — modernised at a cost of Rs 130 crore, will be inaugurated in the next 100 days.
The Ministry also announced health insurance for 1.5 lakh weavers, identification cards for 1.5 lakh weavers, two integrated textile parks under the Scheme for Integrated Textile Parks (SITP) in the country in the three months and push the proposal with the finance ministry to establish 15 such parks.
Maran also said the ministry will conduct a mega show at a cost of Rs 3 crore in Japan , one of the biggest consumers of textiles and clothing.