Textiles Minister launches scheme for development of knitwear sector
The Union Ministry of Textiles has launched a comprehensive scheme for the development of knitting and knitwear sector under PowerTex India in New Delhi. Knitting is a major segment in the entire textile value chain.
Union Minister of Textiles, Smriti Zubin Irani on February 28, 2019 launched a comprehensive scheme for the development of knitting and knitwear sector under PowerTex India in New Delhi.
The Textiles Minister also interacted with industry associations related to knit wear sector in three clusters of Kolkata, Tirupur and Ludhiana through video link. The Minister said that knitting and knitwear sector is predominantly MSME in size and mainly located in decentralised sector and is one of the major employment generator sector.
The knitting and knitwear sector has a significant contribution on the exports of textiles. Knitting is, in fact, a major segment in the entire textile value chain.
Knitted fabrics contribute to 27 per cent of the total fabric production in India and 15 per cent of knitted fabric is being exported.
The following are the key components of the scheme:
• Creation of new service centers on Public Private Partnership (PPP) model by industry and association in the knitting and knitwear clusters.
• Modernisation and upgradation of existing power loom service Centers (PSCs) and institution run by Textile Research Associations (TRAs) and Export Promotion Councils (EPCs) Association in knitting and knitwear clusters.
• Group work shed scheme.
• Yarn bank scheme.
• Common facility center scheme.
• Pradhan mantra Credit Scheme.
• Solar Energy Scheme.
• Facilitation, IT, awareness, studies, surveys, market development and publicity for knitting and knitwear units.
There is an installed capacity of nearly 12,000 knitting machines under SSI fold and nearly 4600 knitting machines under non-SSI fold, besides a number of household knitting machines.
Some of the major clusters in the knitted garment sector are Tirupur in Tamil Nadu, Ludhiana in Punjab, Kanpur in Uttar Pradesh and Kolkata in West Bengal.
Tirupur is the most important export cluster, followed by Ludhiana. More than 90 per cent of the garment is manufactured in Tirupur are exported.
The Textiles Ministry has approved combined SFC of PowerTex India Scheme and Knitwear Scheme with an outlay of Rs 487.07 crores.
Out of this Rs 439.35 crore is for PowerTex for 3 years from April 1, 2017 to March 31, 2020 and Rs 47.72 crores for Knitwear for the remaining period of 2018-19 and for 2019-20.