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Provision for Textile Infrastructure in Budget Increased to Rs, 1860 Cr in 2017-18

With the vision to increase output and jobs in the textile sector by Prime Minister, Narendra Modi, the Union Budget has given a major boost to textile infrastructure by almost three times in increasing the allotment for building textile parks, incubation facilities, processing and development centres. The textile infrastructure provision has been increased from Rs 506 crore in FY17 to Rs 1,860 crore in 2017-18. These increased funds will also…
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Apparel and Textile News

Initiatives To Boost Employment In Textile Sector

The centre has recently taken some initiatives to boost employment generation in textiles and retail sector. Under the Pradhan Mantri Rojgar Protsahan Yojana (PMRPY), employers would be provided an incentive for enhancing employment by reimbursement of the per cent Employer's Pension Scheme (EPS) contribution made by the employer in respect of new employment, Bandaru Dattatreya, minister of state for labour and employment has said in a reply to a question…
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