TEXTILE SECTOR POWERLOOM INDUSTRY NATIONAL
LUCKNOW, UTTAR PRADESH, INDIA
By IFAB MEDIA - NEWS BUREAU - February 6, 2024 | 104 2 minutes read
ALLOCAT
The Yogi Adityanath government of Uttar Pradesh has taken a significant step towards revitalizing the state's textile sector by allocating ₹400 crore for the Atal Bihari Vajpayee Powerloom Vidyut Flat Rate Yojana. This initiative aims to provide a substantial boost to the powerloom industry, which has been facing challenges, and enhance its competitiveness in the market.
Additionally, a mega textile park has been approved under the PM Mega Integrated Textiles Region and Apparel Scheme. Spanning approximately 1,000 acres on the Lucknow-Hardoi Road, this project is set to receive a provision of ₹400 crore. It is expected to attract investments ranging from ₹10,000 to ₹15,000 crore, leading to the creation of around one lakh direct and two lakh indirect employment opportunities. This initiative is poised to stimulate economic growth in the region and contribute significantly to employment generation.
The allocation of ₹400 crore for the Atal Bihari Vajpayee Powerloom Vidyut Flat Rate Yojana and the approval of a mega textile park reflect the government's commitment to rejuvenating the textile industry in Uttar Pradesh. These measures are aimed at fostering innovation, enhancing productivity, and creating a conducive environment for the growth of the textile sector.