The government is set to launch the Focused Product Investment Scheme to attract funding in the manmade fibre segment, in an effort to boost India’s share in the global textiles market.
The proposed scheme aims to promote both greenfield as well as brownfield investments in the manmade fibre segment.
Under greenfield investment, a company builds its new facilities, whereas brownfield funding takes place when a firm purchases or leases an existing facility.
The Centre is in the advanced stage of finalising setting up of integrated mega textiles parks, which are proposed to be established near ports in the country.
Efforts are also underway to position India as one of the major producers of technical textile as the country’s share is poor in the World’s USD 250-billion market involving the segment .