Recent Schemes Related to Textile Sector in India
Scheme | Features |
---|---|
Amended Technology Upgradation Funds Scheme (ATUFS) | It refers to Credit Linked Capital Investment Subsidy (CIS) for exports with “Make in India” with “Zero Effect and Zero Defect” in their manufacturing. |
North-EastNorth-East Region Textile Promotion Scheme (NERTPS) | The aim is for providing infrastructural, capacity- building and also marketing support for North- East India. |
Scheme for Integrated Textile Parks (SITP) | It was first launched in 2005 to encourage private investments and employment generations in the textile industry for a good infrastructure for important facilities. |
Cotton Textile Industry in India
The cotton industry in India has been considered to be the second most developed in the textile industry of India following the man-made textile. India is the largest producer of cotton and the cotton industry of India is one of the fastest-growing sectors. About 25 percent of the world’s area under cultivation is under India and includes states like Gujarat, Maharashtra, Andhra Pradesh, Haryana, Madhya Pradesh, Rajasthan, Punjab and Tamil Nadu. About 4.5 crore people in India have been employed in cotton textile industry of India.