India Government Set Up Special Fund To Help New Textile Enterprises

P, New Delhi, the India government is trying to provide capital and land for the new labor-intensive industries. These schemes have been fully verified in the IT industry in India. < /p >
"P", according to a senior government official who did not want to be named, the plan aims to encourage productive industries and provide labor protection for industries with huge export potential. The official also revealed that the new textile enterprises will get financing through a venture capital special fund. The model is first tried out in the textile industry, providing land resources for enterprises in textile parks. The fund will also be supported by the national textile foundation. < /p >
< p > in the next three months, the "a href=" http://www.91se91.com/news/index_c.asp "textile > /a" will jointly launch the first national special textile fund with the India SME development bank to provide financing channels for emerging enterprises and provide financial support for small businesses with extended production. < /p >
< p > according to previous experience in the IT industry, it is expected that after the initial success, the market will provide adequate financial support for the textile enterprises. If the project goes well, the model will be applied to the leather and toy production industry. < /p >
< p > although India's a href= "http://www.91se91.com/news/index_f.asp" > clothing > /a > exports have been developing at a two digit growth rate, production increased 45% in the first 5 months of this year, but India's export commodities are facing fierce competition from Bangladesh in the US and the euro area. Nationwide, more than 40 textile industrial parks have been set up, and more than 20 are being built, which will increase the overall competitiveness of the textile industry. < /p >
< p > textile industry contributes less than a href= "http://www.91se91.com/news/index_p.asp" > India < /a > 14% of industrial production, accounting for 4% of the total national economy, accounting for 17% of total exports, and is also the only labor intensive industry in the country after agriculture. < /p >