Home | About Jute | Jute Prices | Organisation | Directory | Technology | Statistics | Diversification | Jute Policy | Jute News | FAQ

Home > Jute News >

REPORT TO THE PEOPLE 2004-07’                       
 MINISTRY OF TEXTILES                       



  The following are the excerpts from the “Report to the People 2004-07” on Textile Ministry. The report was released by the Prime Minister, Dr. Manmohan Singh on 22nd May, 2007. The report in full and its highlights are available on PIB website. 
  Textile industry has been able to generate considerable employment and promote exports and improve its performance in the post – Multi Fibre Agreement regime. A major package, including tax relief, was provided. Basic customs duty on various textile machinery and spare parts has been reduced, additional capital subsidy has been provided for processing, duties on specified textile machinery items, raw materials and 
spare parts has been brought down, and excise duty on polyester filament yarn has been reduced. The scope and outlays of schemes like the Technology Upgradation Fund Scheme and the Technology Mission on Cotton has been augmented to modernize the industry and to ensure availability of quality raw material at competitive prices. The Scheme for Integrated Textiles Parks has been launched to strengthen infrastructure. 
Under the scheme, it is proposed to set up 30 Integrated Textiles Parks by 2008, with an investment of over Rs. 13,000 crore. These parks will generate annual production of over Rs. 20,000 crore, and create over half a million new jobs. Due to focused support to cotton-growers cotton production and productivity have touched record heights. The textiles sector has grown phenomenally since the phasing out of the Multi-Fibre Arrangement (MFA) after 2004. it is expected that by 2011-2012, the textiles sector will more than double to US$ 115 billion. The estimated investment during this period will be approximately Rs. 1,50,000 crore, which will generate employment for approximately 17 million workers. 
   Investments in Textiles to create 17 million jobs by 2012. a focused approach to helping weavers is in place with an increase in the number of cluster development centers, more yarn depots, support to technology upgrade, health and life insurance cover for weavers, and a new ‘Handloom Mark’ for branding handloom products. 200 handloom clusters of over 5,000 handlooms each are targeted for taking up under the Integrated Handloom Devlopment Scheme during 2007-08. 
   A comprehensive National Jute Policy has been announced for the first time to boost demand for jute and protect the interests of jute growers. Restructuring of the Jute Corporation of India has been undertaken. Steps are being taken to implement a Jute Technology Mission for holistic development of the jute sector at an estimated cost of Rs. 355 crore. The National Jute Board Bill, 2006 has been introduced in Parliament to provide for establishment of the National Jute Board to effect synergy in the activities of various organizations in jute sector. To ensure adequate demand, the level of compulsory packaging has been increased for sugar and food grains. The level of compulsory packing in jute bags for food grains and sugar has been continued at 100% for the jute year 2006-07. 


 Source:  PIB Press Release: June 07, 2007

 [ About Jute] [ Jute prices] [ Jute Organisation] [ Directory] [ Jute Technology] [ Diversification] [ Statistics] [ Jute Policy] [ FAQ] [Railways] [ Airways] [Weather] [ Contact Us ] [ Advertise With Us ] [ About Us]  [ Disclaimer ]

Site copyright ã 2002, Worldjute.com All Rights Reserved.

Best viewed at 800 x 600 screen size