India Continues To Provide Financial Subsidies To The Textile Sector In The Twelfth Five Year Plan.
The government of India said on Thursday that the government will provide financial assistance to the textile sector in the form of interest refund and capital subsidies during the Twelfth Five Year Plan (beginning in April 1, 2012).
Anand, India's minister of Commerce and industry and textile minister, said: "the technology upgrading fund plan will be in twelfth five years.
Planning period
Continuation. "
Sharma said that the textile sector remained the core of India's economy, and the government promised to develop the textile sector in an all-round way.
Skill
Textile
Emerging sectors are considered to be one of the advancing areas of the textile industry.
Technical textiles include automotive applications, medical textiles, geological textiles, agricultural textiles used for crop protection and protective clothing for fire brigade, bulletproof jacket and spacesuit and other products.
According to government estimates, the skilled textile sector in India may be 11% per year.
Speed increase
In the 2012-13 fiscal year, the market size of US $14 billion 800 million reached US $9 billion 900 million.
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