Textiles minister Smriti Irani has informed the lower house of parliament recently that 682 textile mills closed as on June end this year, 232 were in Tamil Nadu, 85 in Maharashtra, 60 in Uttar Pradesh and 42 in Haryana. Among the 1,399 operational textile mills, 752 were in Tamil Nadu, followed by 135 in Maharashtra and 112 in Andhra Pradesh.
Referring that the textile industry has attracted the highest foreign direct investment under the present government, she said the goods and services tax (GST) and labour reforms have been welcomed by the industry, she said.
Under the Amended Technology Upgradation Fund Scheme (ATUFS) launched last year, a one-time capital subsidy of 15 per cent for the garments and technical textiles segments is offered with a cap of Rs 30 crore.
A 10 per cent capital subsidy is also offered for segments like weaving, processing, jute, silk and handloom with a subsidy cap of Rs 20 crore for setting up new textile units or for expansion of existing units with benchmarked technology.
– Apparel and Textile News, Apparel Talk, Indian Apparel
