Govt to launch tex-venture capital funds to help startups, revive NTC
Updated: Sep 30, 2014 03:14:10pm
New Delhi, Sept 30 (KNN) The government is planning a number of initiatives such as framing a new textile policy, launching tex-venture capital funds to hand hold startups and reviving the ailing National Textile Corporation (NTC) to take the textile industry to new heights.
This was stated by Minister of Textiles Santosh Kumar Gangwar at a conference on initiatives and issues related to Ministry of Textiles, here yesterday.
The Minister talked about the Tex-Venture Capital Fund that would be launched shortly in association with SIDBI to provide equity to the startup entrepreneurs; and the plan to set up mega clusters in Varanasi, Surat, Bhuj, Lucknow, Bareilly, Burhanpur, Mysore and Trichy in Tamil Nadu as mentioned in the Budget speech (2014-15) of Union Finance Minister, all of which are in various stages of implementation, an official release said.
As far as the proposals for sanction of Incubation Centres and Workers hostels are concerned, he said they are under process and would be sanctioned shortly.
In addition, Gangwar said that the government intends to revive the state owned NTC by selling its land worth Rs 1,750 crore in UP.
Also to develop quality infrastructure for the textile industry, the Ministry of Textiles has sanctioned proposals for setting up Integrated Textile Parks which have fulfilled the requirements and more proposals shall be invited for the 12th Plan period.
Gangwar said the government also proposed to set up integrated processing parks to provide common infrastructure for processing on similar lines.
Further, with a view to providing marketing opportunity for handloom products and increase wage earnings of the weavers, the government has already launched e-commerce initiative with Flipkart India last month.
“We are in the process of working out details for synergy or handloom, handcraft with tourism. State chief secretaries have been asked to identify traditional handloom weavers and handicraft artisans villages for development of “adarsh gram” as tourist destinations,” he said.
Significantly, the textiles ministry has approved a Rs 30 crore scheme for pashmina promotion. The scheme will attempt to improve production of pashmina in Leh by setting up of de-hairing plant in Ladakh, install solar powered community centres and sheds for pashmina goats and their care takers.
As for the youth, there are development schemes and assistance is being provided for skilling youth as per needs of the Textile Industry. Assistance at the rate of Rs. 10,000 per trainee is being provided for the purpose, he said.
Further, specific thrust has been laid for making the development inclusive and participatory based on, “Sabke Saath-Sabka Vikas”, “Skill Scale and Speed”, “Making Zero defect and Zero effect on environment” and “Make in India brand” as the guiding principles.
He stated that with a view to making the textile industry globally competitive, it has become necessary to give a fresh look at the National Textile Policy which was formulated in 2000.
The ministry is also in the process of working out details for synergy of handloom, handicraft with tourism in consultation with Ministry of Tourism, he added. (KNN/ES)
This was stated by Minister of Textiles Santosh Kumar Gangwar at a conference on initiatives and issues related to Ministry of Textiles, here yesterday.
The Minister talked about the Tex-Venture Capital Fund that would be launched shortly in association with SIDBI to provide equity to the startup entrepreneurs; and the plan to set up mega clusters in Varanasi, Surat, Bhuj, Lucknow, Bareilly, Burhanpur, Mysore and Trichy in Tamil Nadu as mentioned in the Budget speech (2014-15) of Union Finance Minister, all of which are in various stages of implementation, an official release said.
As far as the proposals for sanction of Incubation Centres and Workers hostels are concerned, he said they are under process and would be sanctioned shortly.
In addition, Gangwar said that the government intends to revive the state owned NTC by selling its land worth Rs 1,750 crore in UP.
Also to develop quality infrastructure for the textile industry, the Ministry of Textiles has sanctioned proposals for setting up Integrated Textile Parks which have fulfilled the requirements and more proposals shall be invited for the 12th Plan period.
Gangwar said the government also proposed to set up integrated processing parks to provide common infrastructure for processing on similar lines.
Further, with a view to providing marketing opportunity for handloom products and increase wage earnings of the weavers, the government has already launched e-commerce initiative with Flipkart India last month.
“We are in the process of working out details for synergy or handloom, handcraft with tourism. State chief secretaries have been asked to identify traditional handloom weavers and handicraft artisans villages for development of “adarsh gram” as tourist destinations,” he said.
Significantly, the textiles ministry has approved a Rs 30 crore scheme for pashmina promotion. The scheme will attempt to improve production of pashmina in Leh by setting up of de-hairing plant in Ladakh, install solar powered community centres and sheds for pashmina goats and their care takers.
As for the youth, there are development schemes and assistance is being provided for skilling youth as per needs of the Textile Industry. Assistance at the rate of Rs. 10,000 per trainee is being provided for the purpose, he said.
Further, specific thrust has been laid for making the development inclusive and participatory based on, “Sabke Saath-Sabka Vikas”, “Skill Scale and Speed”, “Making Zero defect and Zero effect on environment” and “Make in India brand” as the guiding principles.
He stated that with a view to making the textile industry globally competitive, it has become necessary to give a fresh look at the National Textile Policy which was formulated in 2000.
The ministry is also in the process of working out details for synergy of handloom, handicraft with tourism in consultation with Ministry of Tourism, he added. (KNN/ES)
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