Govt likely to extend incentive scheme IFLADP for leather, footwear industry till 2025-26
The Hindu
The government is likely to extend an incentive scheme for leather and footwear industries, IFLADP, till 2025-26 with an outlay of ₹1,700 crore, to further boost manufacturing, exports and job creatio
The government is likely to extend an incentive scheme for leather and footwear industries, IFLADP, till 2025-26 with an outlay of ₹1,700 crore, to further boost manufacturing, exports and job creation, an official said. The Commerce and Industry Ministry has submitted a proposal for implementation of the Indian Footwear Leather and Accessories Development Programme (IFLADP) with an outlay of ₹1,700 crore, to be incurred during 2021-22 to 2025-26, and the Union Cabinet may soon approve the same, the official said. The programme has six components — Sustainable Technology and Environmental Promotion (proposed outlay ₹500 crore); Integrated Development of Leather Sector (proposed outlay ₹500 crore); Establishment of Institutional Facilities (₹200 crore); Mega Leather Footwear and Accessories Cluster Development (₹300 crore); Brand Promotion of Indian Brands in Leather and Footwear Sector (₹100 crore); and Development of Design Studios (₹100 crore).More Related News
According to BACL, the biophilic-inspired business park will offer smart workspaces within a vibrant public realm. The project’s most exceptional and breathtaking attribute lies in the Urban Forest, a lush oasis in the centre of the development. This green space will serve as a focal point, seamlessly blending indoor and outdoor spaces throughout the area. The upcoming metro station in Airport City will provide seamless connectivity to the business park from the northern side, ensuring convenient accessibility.