India has taken a number of initiatives and steps to enhance the textile industry

1. SITP (Integrated Textile Park Scheme) As a result of the ongoing pandemic, all countries have generally suffered in all industries. The textile industry was not an exception in the stresses caused by the effects of the coronavirus. While most economies are still struggling to recover, India has surprisingly bounced back with panther ferocity since the third quarter. Despite the country being shut down for several months and the negative impact on the economy and supply chains, India's textile industry is also gradually returning to its pre-crown glory. While the credit for this goes to our strong Organizations, the various initiatives and activities of the Government of India to promote this positive movement in the textile industry cannot be ignored. The government's support with its ongoing programs and the initiation of new measures created a strong framework on which domestic textile manufacturers sought to place their products. Out of the many schemes, which one could we name as the most important revolutionary schemes that positively impacted the Indian textile industry?

2. Atmanirbhar Bharat: One of the most important lessons this year has definitely been the need to be independent. With our world frozen for months and the need to shop for essentials, our generation, heavily dependent on ordering rather than doing anything, has learned the importance of not relying on the outside world. Our Honorable Prime Minister has taken this lesson into a nationwide approach by launching his "Atmanirbhar Bharat" program to encourage Indian manufacturers and increase exports. Although the Indian textile industry is already largely self-sufficient in raw materials, cheap local labor and efficient supply chains, India still has a long way to go to become the leading textile producer and move up from its current second position. This shows support from the government. As part of the Atmanirbhar 3.0 package, a large portion of Rs. 1,5,00,000 crore has been allocated for the promotion of textile industry. Finance Minister Nirmala Sitharaman recently proposed setting up a National Technical Textile Mission at a cost of Rs 1,80 crore over four years to reduce imports. Presenting the 20-21 budget for the financial year, he also announced an allocation of Rs 27,300 crore for the development and promotion of industry and trade, including the textile industry. This timely financial boost will not only boost production but also the morale of the Indian textile industry. GST Proposed new indirect tax law will lead to "fiber neutrality effect" in Indian textile sector, says textile ministry. This means that all man-made and

3. natural fibers are now treated equally in terms of taxation. This indirectly contributes to product diversification in the industry as manufacturers consider mixing synthetic fibers with cotton fibers. Although the Indian textile industry is the second largest producer of man-made fibers such as polyester and viscose, it is highly dependent on cotton. High taxes on synthetic fibers are a major deterrent here. GST on cotton is a flat 5%, while MME varies from 5% on fabrics to 18% on fibers, making man-made textiles more expensive to produce. Hoping that the new legislative proposals will come into effect, textile industry players will be able to try both raw material variants without the costs entering the picture. This flexibility of production and creative convenience contributes greatly to the sales of the home textile industry. Integrated Textile Parks Plan (SITP): The establishment of integrated textile parks is one of the flagship projects of the Ministry of Textiles, which mainly aims to help small and medium-sized enterprises in the textile industry consolidate

4. investments in textile parks by providing financial. support . in world- class infrastructure parks. SITP significantly boosted the Indian textile industry. The Ministry of Textiles has received SITP sanctions for a total of 59 textile parks, out of which 22 textile parks have been completed and the rest are under construction. While 13 textile parks will get Rs. 520 billion from the government for infrastructure development, which is estimated to generate private investment of around Rs. 32 0 million euros. This scheme is a real game changer because companies that want to set up production units, but are unable to do so due to high prices in the country, have received financial assistance that has brought many new entrants into the market. Moreover, the relaxation of bureaucracy in these parks has made India a hot spot not only for domestic but also for international players looking to enter the textile and apparel sector. Make in India: As part of "Atmanirbharat Bharat", slogan "Make in India" was launched to restart and revamp the economy after the initial impact of the pandemic. According to the data, India climbed 79 places in the Ease of Doing Business ranking after various programs were launched under the "Make in India" campaign. Government of India has taken several initiatives including Amended Technology Upgradation Fund Scheme (A-TUFS). The scheme is estimated to create 35,000 jobs and enable investment of 95,000 rupees ($1.17 billion) by 2022. The government has also decided to continue the 2% EPF payout to ease the financial burden on manufacturers under the Atmanirbhar Bharat Rozgar Yojna launched in November 2020. approved an outlay of Rs 1,300 crore to train and educate about 10 million people across the sector's value chain, including spinning and weaving. The system provides a demand-driven, practice-oriented skill program that encourages industry to create jobs in organized textile and allied sectors.

5. The government proposed to extend continuous customs clearance to 1 ports and 13 airports to ensure faster customs clearance of export and import goods. The aim is, among other things, the guarantee system of the Urgent Credit Line sanctioned for the textile industry