New Delhi, July 07: The government on Tuesday indicated
that forthcoming Foreign Trade Policy may grant some sops for
the ailing textile sector especially exporters, who were
disappointed over the Budget proposals yesterday.
"I will be interacting with the industry... after two
months the FTP will come so whatever is not here (in the
Budget), they (exporters) might get some shelter in the FTP,"
Textile Minister Dayanidhi Maran told reporters here.
The FTP is set to be unveiled in August.
He said the Budget proposals should be read with the
three stimulus packages announced earlier to boost exports and
called the Budget "a growth spurring initiatives which
dovetail with economic revival, infrastructure development,
agriculture development, inclusive growth and restoring export
growth".
The Budget has allocated Rs 4,500 crore for the sector.
Funds worth Rs 3,140 crore has been assigned under Technology
Upgradation Fund Scheme, while for the Scheme for Integrated
Textile Park (SITP) Rs 397 crore has been given.
Maran also said the announcement of setting up of five
mega clusters will generate employment for 50,000 people and
attract an investment of about Rs 1,400 crore.
One handloom cluster each in West Bengal and Tamil Nadu
and one powerloom mega cluster in Rajasthan and two mega
clusters for carpets at Srinagar and Mirzapur, would be set up
in 18-36 months, he said.
Bureau Report
