The Government is working on major interventions to position India as a global hub in the manmade fibre (MMF) and technical textiles segments.
It includes setting up five integrated mega textiles parks, a state-of-the-art world class testing lab and bringing a Focused Product Scheme.
The Government is also willing to offer capital investment subsidy for setting up machine manufacturing plants to textile industry players interested in forging joint ventures, provided the foreign partner agrees to supply machines to domestic firms at a particular price.
As MMF is focused area for Ministry of Textiles (MoT), the ministry is in talks with the Department of Higher Education for introduction of courses in universities and technical institutions like engineering colleges for creating specialised manpower in the MMF and technical textiles segments.
Addressing an event, Textiles Secretary Ravi Capoor shared this information.
He also said that an evaluation study led by Niti Aayog on the Technology Upgradation Fund Scheme (TUFS) of the textiles ministry has revealed that Rs. 13,000 crore worth machinery was being imported by India and the country has reached nowhere in terms of technology upgradation except in the spinning segment.
