PowerTex India Current Affairs, GK & News

Scheme for Development of Knitwear Sector Launched

The Union Textiles Minister Smriti Irani launched, Scheme for development of knitting and knitwear sector under PowerTex India. Features of the Scheme for Development of Knitwear Sector Out of the 487.07 crore outlay of Powertex India, ₹72 crore has been allocated to the scheme. The scheme envisions the creation of new service centres on public-private ..

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Yarn Bank Scheme

The Ministry of Textiles, Government of India had launched a Yarn Bank Scheme as one of the components of PowerTex India scheme with an aim to avoid fluctuation in yarn price. Objectives of the Scheme The objectives of the Yarn Bank Scheme are: To provide interest-free corpus fund to Special Purpose Vehicle (SPV) or Consortium ..

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