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The Government has taken the following steps for promotion of exports of Textiles including fabrics in Tamil Nadu:
(i) Rationalization of fiscal duty structure undertaken so as to attract investment and modernization;
(ii) Launching of the Technology Upgradation Fund Scheme (TUFS) to facilitate the modernization and upgradation of the sector.
(iii) For accelerating modernization of the powerlooms segments of the textile industry, 20 per cent Capital assistance is available on investment upto Rs.100 lakh in specified machinery subject to a ceiling of Rs. 20 lakh on amount of assistance;
(iv) Announcement of a package for restructuring of debt portfolios of potentially viable textile units having debt exposure of Rs.2 crore and above;
(v) De-reservation of the woven segment of readymade garments from the SSI sector. In the Union Budget 2005-06, an announcement has been made for de-reservation of 30 hosiery items from the SSI;
(vi) A centrally sponsored scheme titled “Apparel Park for Export Scheme” launched for imparting focused thrust for setting up of apparel manufacturing units of international standards at potential growth centres and to give fillip to exports;
(vii) For upgrading infrastructure facilities at important textile centers, a scheme titled “Textile Centre Infrastructure Development Scheme” (TCIDS) has also been launched;
(viii) Cotton Technology Mission launched to improve the productivity and quality of cotton;
(ix) Financial assistance is provided under the scheme namely, Handloom Export Scheme to the eligible agencies for development of exportable products, publicity and participation in international trade events.
This information was given by Shri Shankersinh Vaghela, Minister of Textile, in a written reply, to a question in the Rajya Sabha today.
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