Textile Ministry expects early nod for Rs 170-crore knitwear package

BY :16

Textile Ministry expects early nod for Rs 170-crore knitwear package

NEW DELHI: With an aim to boost job creation and lift sagging exports, the textile ministry is expecting the finance ministry to clear Rs 170-crore special package for the knitwear sector at the earliest."The idea is to make the domestic manufacturers more competitive. This is an employment-intensive sector so any effort to boost investment will result in job creation," a top textile ministry official said.The official said that the consultation between the textile and finance ministry is currently stuck on the issue of the monetary resources needed for the package, amounting to around Rs 170 crore.He said the package will be announced as soon as the finance ministry gives its go-ahead, as no Cabinet approval was needed for the proposal entailing less than Rs 200 crore.The move comes in the backdrop of the reforms announced by the government for generation of one crore jobs in the textile and apparel industry

2018.01.14. 06:52 BY :16

Related news

The latest morning news, breaking last 24 hours report from around the world.

Contact us

Gnews World Media

Hungary, Budapest, 1173

(+36) 905-7660

info(at)morning24.world

Back to Top