SME Times News Bureau | 31 Oct, 2013
The union cabinet
Wednesday approved the launch of a new integrated processing development scheme
for the textiles sector that will cost Rs.500 crore during the 12th five-year
The Cabinet Committee on Economic Affairs, chaired by Prime Minister Manmohan
Singh, approved the scheme under which four to six brown field projects and
three to five green field projects will be established.
"The scheme will
facilitate the textiles industry become globally competitive using
environmentally-friendly processing standards and technology and create new
processing parks," an official statement released after the cabinet meeting
"This scheme will
support the upgradation of existing processing clusters/centres specifically in
the area of water and waste water management and also encourage research and
development work in the textiles processing sector," it said.