Indian textiles ministry of the Indian government has recently released Year End Review for the year 2020.
With development of a new industry valuing ₹7000 crore with 1100 PPE manufacturers producing a peak of 4.5 lakh units per day India became the second largest PPE manufacturer in the World.
The National Technical Textiles Mission approved with a total outlay of ₹1480 crore.
Anti-Dumping Duty on PTA and Acrylic Fibre was Removed.
Brand Name and Logo for Indian Cotton was launched as “KASTURI COTTON INDIA”
On-boarded Government e Market place (GeM was launched to provide wider market for handloom weavers/artisans/producers
A National Action Plan prepared to promote Indian toy industry including handicrafts and handmade toy products; National Toy Fair proposed during 27th Feb to 3rd March 2021.
Considering the socio economic impact of COVID-19 outbreak and taking into account the representations/requests made by textile industry associations the JIT recommended subsidy released before verification of the JIT reports by submitting bank guarantee against the value of recommended subsidy.
This facility has been extended to the cases both under ATUFS and Previous Version of TUFS and made available for 6 months.
