Over 680 textile mills closed as on June 2017: Government

Textiles Minister Smriti Irani told the Lok Sabha that 1,399 textile mills were operational as on June 30. All of them are in the non-small scale industry.

Published: 10th August 2017 02:34 PM  |   Last Updated: 10th August 2017 02:34 PM   |  A+A-

An employee works inside a textile mill in Jhagadia village in Gujarat. (File photo | Reuters)


NEW DELHI: As many as 682 textile mills were closed as on June end this year and 232 of them were in Tamil Nadu, the government said today.      

Textiles Minister Smriti Irani told the Lok Sabha that 1,399 textile mills were operational as on June 30. All of them are in the non-small scale industry.      

At the end of June, 682 textile mills were closed in the country, she said during the Question Hour. Of them, 232 mills were in Tamil Nadu while 85 were in Maharashtra and 60 in Uttar Pradesh. As many as 42 such mills are in Haryana.      

Among the 1,399 operational textile mills, 752 were in Tamil Nadu, followed by Maharashtra (135) and Andhra Pradesh (112).      

Under this government, the textiles industry saw the largest amount of Foreign Direct Investment (FDI), she said, adding that the GST (Goods and Services Tax) as well as the labour reforms have been welcomed by the industry.      

Asked whether the government has formulated any scheme to set up new textile mills, the minister replied in the affirmative.      

Under the Amended Technology Upgradation Fund Scheme (ATUFS), launched last year, there are benefits in terms of one time capital subsidy of 15 per cent for the garmenting and technical textiles segments with a cap of Rs 30 crore, Irani said. Besides, there is a 10 per cent capital subsidy for segments like weaving, processing, jute, silk and handloom with a subsidy cap of Rs 20 crore for setting up new textile units or for expansion of existing units with benchmarked technology.      

Responding to a query related to closed textile mills in Maharashtra, the minister said the centre would fully support initiatives for the industry taken by the state government.

Stay up to date on all the latest Nation news with The New Indian Express App. Download now
(Get the news that matters from New Indian Express on WhatsApp. Click this link and hit 'Click to Subscribe'. Follow the instructions after that.)


Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp