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Govt for formulation of national fibre policy

Govt for formulation of national fibre policy
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First Published: Fri, Aug 07 2009. 12 06 AM IST
Updated: Fri, Aug 07 2009. 12 06 AM IST
New Delhi: The government has constituted a working group to formulate a national fibre policy by the end of this year, textiles minister Dayanidhi Maran said on Thursday.
The new policy will attempt to provide a long-term strategy on India’s fibre consumption and export potentials, and the effect of multiple duties on man-made and natural fibres.
Maran also cleared a Rs2,546 crore subsidy owed to textile manufactures under the Technology Upgradation Fund Scheme.
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First Published: Fri, Aug 07 2009. 12 06 AM IST