shine india monthly magazine Published this article page no 26 Scheme for Incubation in Apparel Manufacturing (SIAM) to promote new entrepreneurs in apparel manufacturing. Scheme for Textile Industry Workers Accommodation (STIWA) to provide safe adequate and conveniently located accommodation for textile and apparel industry workers in the proximity of areas of high concentration of textile and apparel industries. Other measures 100% FDI (automatic route) in the textile and apparel sector in India. Removal of antidumping duty on PTA (Purified Terephtallic Acid) a key raw material for the manufacture of MMF fibre and yarn to boost exports in MMF sector. Sunil Sethi Committee for export promotion of handlooms Announced on the occasion of National Handloom Day on 7th August 2021 for doubling the production and quadrupling the exports of handlooms in a span of 3 years. Related News Ministry of Textiles Release Operational Guidelines for PM Mega Integrated Textile Region and Apparel (PM MITRA) Parks Scheme PM MITRA aims to develop integrated large scale and modern industrial infrastructure facilities for the entire valuechain of the textile industry. It will reduce logistics cost by housing entire value chain at one location and help achieve SDG 9 (Build resilient infrastructure promote sustainable industrialization and foster innovation). o Under it the State government will transfer land to the Special Purpose Vehicle (51% equity of state and 49% of centre). o Centre will provide Competitive Incentive Support (CIS) of 300 crore per park for incentivizing manufacturing units establishment. As per the guidelines sites for the parks will be selected on basis of 5 metrics Connectivity to site Existing ecosystem for textiles Availability of utilities services at site State industrial textile policy and Environmental and social impactPRODUCTION LINKED INCENTIVE (PLI) SCHEME FOR SPECIALTY STEEL Specialty steel is value added steel wherein normal finished steel is worked upon by way of coating plating heat treatment etc to convert it into high valueadded steel which can be used in various strategic applications like Defence Space etc. o Out of total production of 102 million tonnes steel in 202021 India produced only 18 million tonnes value added steelspecialty steel. PLI scheme incentivize companies to enhance their domestic manufacturing as well as focus on reducing import bills and improving the cost competitiveness of local goods. 90 © Vision IAS DELHI JAIPUR PUNE HYDERABAD AHMEDABAD LUCKNOW CHANDIGARH GUWAHATI Features of the Scheme Scheme Duration and Outlay Five years (202324 to 202728) and 6322 crores. Three slabs of incentives the lowest being 4 % and highest being 12% which has been provided for electrical steel (CRGO). Five categories including coated high strength alloy etc. of specialty steel which have been covered under PLI shine india monthly magazine buy.
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