Total outlay for the knitwear scheme is Rs. 47.72 crore
Union Minister for Textiles Smriti Zubin Irani launched a comprehensive programme on Thursday for the the development of knitting and knitwear sector in the country under the PowerTex India scheme.
The programme, the outlay for which is Rs. 47.72 crore, would be in operation till the end of March next year.
The total outlay for PowerTex India Scheme and the Knitwear Scheme is Rs. 487.07 crore. Of this, Rs. 439.35 crore is for powerloom units for three years from April 1, 2017 to March 31, 2020 and Rs. 47.72 crore for the knitwear scheme, according to a statement from the Textiles Ministry. Almost Rs. 170 crore were disbursed to the powerloom sector till January 31, 2019.
Knitting is a major segment in the textile value chain, constituting 27% of the total fabric produced in the country.
Of the knitted fabric produced, 15% is exported. Some of the major knitwear clusters in the country are Tiruppur, Ludhiana, Kanpur, and Kolkata, said the Textiles Minister.
The programme for knitting and knitwear units, catering to domestic and exports markets, has eight 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.
“Since the scheme is for knitting and knitwear units, stitching machinery can also be installed under the group work shed scheme,” said K. Selvaraju, secretary general, Southern India Mills’ Association (SIMA).