Ministry of Textile launches a programme for developing knitwear sector under PowerTex India
On Feb 28, Union Minister for Textiles Smriti Zubin Irani launched a comprehensive programme for the development of knitting and knitwear sector in the country under the PowerTex India scheme in New Delhi. The total outlay for the knitwear scheme is Rs. 47.72 crore & would be in operation till March 31, 2020.The programme for knitting and knitwear units, catering to domestic and exports markets, has 8 components where the industries would get support to install machinery under group work shed scheme, buy yarn, go in for solar energy, have common facilities and create new service centres under public private partnership mode. The scheme envisages creation of new service centres on Public Private Partnership (PPP) model by industry and association in the knitting and knitwear clusters. Some of the major knitwear clusters in the country are Tiruppur, Ludhiana, Kanpur, and Kolkata.
Category: Government Schemes Current Affairs