Textile value Chain

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New scheme for knitwear sector will enhance production and employment

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The Textile Ministry has launched a comprehensive Scheme for the development of the knitwear sector under PowerTex India. The scheme will help to enhance production in Surat based warp knitting sector. With the installed capacity of over 1,000 machines, Surat has emerged as a warp knitting sector. The annual turnover of warp knitting sector in the city is pegged at Rs1,000 crore.

According to Synthetic & Rayon Textiles Export Promotion Council (SRTEPC), knitted fabrics contribute 27% of the total fabric production in the country and 15% of them are exported. The New scheme for knitting and knitwear sector would mostly benefit MSME, which comes under decentralized sector and that it would give a major fillip to employment generation in the kitting sector in the country.

SRTEPC chairman Narain Aggarwal said, The objective of the scheme is to set up new service centres on PPP model by industry associations, modernization and upgradation of existing power loom service centres. It would also help group workshed scheme, yarn bank, common facility centre, Pradhan Mantri credit scheme etc. The MSME units involved in knitting sector in Surat and across the country will be benefited.

The yarn bank scheme for knitting and knitwear units will provide an interest-free corpus fund of a maximum of up to Rs 2 crore. The Bank would enable small knitting and knitwear units to purchase the yarn at wholesale rate and in large quanitites. The warp knitted fabrics are extensively used for sportswear, lingerie, shoes, car seat covers and mattresses along with technical textiles like automobile filtration, lining and pocketing mesh.


 

 

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