Scheme for Development of Knitting and Knitwear Sector:
- Main components of the scheme:
- Creation of new service centers on Public Private Partnership (PPP) model by industry and association in the knitting and knitwear clusters.
- Modernization and upgradation of existing power loom service Centers (PSCs) and institution run by Textile Research Associations (TRAs) and Export Promotion Councils (EPCs) Association in knitting and knitwear clusters.
- Group work shed scheme.
- Yarn bank scheme.
- Common facility center scheme.
- Pradhan mantra Credit Scheme.
- Solar Energy Scheme.
- Facilitation, IT, awareness, studies, surveys, market development and publicity for knitting and knitwear units.
- Significance:
- Knitting and knitwear sector is predominantly MSME in size and mainly located in decentralized sector and is one of the major employment generator sector.
- It also has a significant contribution on the exports of textiles.
- Knitting is a major segment in the entire textile value chain. Knitted fabrics contribute to 27% of the total fabric production in India and 15% of knitted fabric is being exported.
- Funding: The total combined outlay for PowerTex India Scheme and the Knitwear Scheme is ₹487 crore. Of this, ₹439.3 crore is for powerloom units for three years from April 1, 2017 to March 31, 2020 and ₹47.7 crore for the knitwear scheme for the remaining period of 2018-19 and for 2019-20.
Do you know?
- Some of the major clusters in the knitted garment sector are Tirupur in Tamil Nadu, Ludhiana in Punjab, Kanpur in Uttar Pradesh and Kolkata in West Bengal.
- Tirupur is the most important export cluster, followed by Ludhiana. More than 90% of the garment is manufactured in Tirupur are exported.
