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Made-ups get additional subsidy

Textile made-ups will get an additional 10 per cent capital investment subsidy under the Amended Technology Upgradation Fund Scheme. Every eligible made-up unit which has availed of the 15 per cent benefit under ATUFS will be paid an additional 10 per cent capital investment subsidy on its investment up to an additional maximum cap of Rs 20 crores.

The made-up segment includes products like bed sheets, blankets, curtains, crochet laces, pillow covers, towels, zari, embroidery articles. It is the second largest employment generator after apparel in the entire textile value chain in India. There is a move to add to the category of made-ups.

Additional subsidy will be disbursed after a period of three years and the disbursement will be based on a verification mechanism linked to production volume, employment and turnover. Reforms in the apparel made-up sector are aimed at creating large scale direct and indirect employment of up to 11 lakh persons over the next three years and boosting exports. Reforms include providing production incentives for made-ups similar to that provided to garments. It’s thought such intervention would greatly help the made-ups segment to improve its global competitiveness and create more demand for fabrics, yarn and fiber in the domestic market.

 
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