9911796707
TMI BlogPromotion of Domestic Textile ClustersX X X X Extracts X X X X X X X X Extracts X X X X ..... Promotion of Domestic Textile Clusters X X X X Extracts X X X X X X X X Extracts X X X X ..... cheme like Powertex for fabric segment, Amended Technology Upgradation Fund Scheme (ATUFS) for all segments except spinning and Scheme for Integrated Textile Parks (SITP) for all segments. Government has removed anti-dumping duty on PTA, a key raw material for the manufacture of MMF fibre and yarn. To enhance local sourcing, the consolidated FDI policy s effective from August 28, 2017. According ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... to this policy, for Single Brand Product Retail trading, in respect of proposals involving foreign investment beyond 51%, sourcing of 30% of the value of goods purchased, will be done from India, preferably from MSMEs, village and cottage industries, artisans and craftsmen, in all sectors. For Multi Brand Retail trading, at least 30% of the value of procurement of manufactured/ processed product ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s purchased will be sourced from Indian micro, small and medium industries, which have a total investment in plant & machinery not exceeding USD 2 million.
This information was given by the Minister of Textiles, Smriti Zubin Irani, in a written reply in the Rajya Sabha today.
***
MM/SB X X X X Extracts X X X X X X X X Extracts X X X X
|
