(a) whether the Government proposes to increase the investment in the textile industry so
as to create more employment opportunities in the coming year;
(b) if so, the details thereof;
(c) if not, the reasons therefor;
(d) whether the targets fixed during the last three years were achieved; and
(e) if not, the reasons for failure to achieve the set targets alongwith the reaction of
the Government thereto?
MINISTER OF STATE IN THE MINISTRY OF TEXTILES(SHRI E.V.K.S. ELANGOVAN)
(a) to (c): Yes, Sir. The government is aware of the need for increasing investment in the
textile sector so as to modernize the textile industry and to make it internationally
competitive. The investment required to modernize the textile industry is estimated at about
Rs. 1,50,600 crore during the 11th Plan period, bulk of which has to come from the private
sector. Major plan schemes such as Technology Upgradation Fund Scheme (TUFS), Scheme for
Integrated Textile Parks (SITP) etc. are accordingly designed in such a way as to encourage
private investment in the textile sector. Under TUFS, the total project cost sanctioned as
on 31.03.2007 is Rs. 86020 crore.
(d) and (e): The financial targets in terms of plan expenditure during the last three years
have been, by and large, achieved. However, no specific targets for employment generation
have been fixed. It is expected that enhanced investment in the textile sector would lead to
creation of additional employment.