March 12, 2020
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Textile policy reform to coordinate sector development, modernisation incentives and integrated textile park infrastructure support.
Formulation of a New Textile Policy is announced to coordinate development across fibres and production segments, solicit stakeholder inputs on technology, infrastructure and human resource development, and address sectoral problems such as technological obsolescence, high input costs, poor credit access and fragmented units. The Government's support architecture comprises targeted schemes-including the Amended Technology Up-gradation Fund Scheme, knitting and knitwear development, sectoral packages for handloom, handicrafts, powerloom, silk and jute-and the Scheme for Integrated Textile Park which subsidizes infrastructure creation and lists sanctioned parks across states.