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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