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Saturday, February 22, 2020

CITI welcomes proposed Mega Textile Park Scheme!!! Mega Textile Park


CITI HAILS PROPOSED MEGA TEXTILE PARK SCHEME!!



The Chairman, Confederation of Indian Textile Industry (CITI) Mr.T.Rajkumar, has appreciated the initiative of encouraging scale of operations through the Mega Textile Park Scheme proposed by the Union Textile Ministry.
In a statement the CITI chief has said that the country has been suffering with scale of operation and the new entrants like Bangladesh, Vietnam, etc., could grab the space vacated by China due to scale of operation and cost competitiveness.
He said that at the global brands meeting chaired by the Union Textile Minister, most of the brands having retails in India, had stated that they had to import from countries like China, Bangladesh and Sri Lanka due to volume and cost advantage. They also stated that India does not have large players to meet their demands.

Mr.Rajkumar has further stated that the Central Government was making efforts to attract FDI, joint venture projects and also encourage large vertically integrated textile giants in the country to make investments in the proposed Mega Textile Parks by setting up of a large scale vertically integrated textile manufacturing units.
He said that the Government was contemplating to extend maximum support for the infrastructure facilities including land by the state governments, water, power, road connectivity, special priority in the port, relaxation in labour laws, etc., and the government was planning to market the scheme in different countries to attract FDI and joint venture projects jointly with the state governments.

Mr.T.Rajkumar has said that the proposed Mega Textile Park Scheme would throw more opportunities for the textile industry to cater to domestic markets and also international.

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