Centre to extend incentive scheme IFLADP till 2025-26
An outlay of Rs 1,700 cr in next 5 yrs will boost manufacturing, exports & job creation
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New Delhi: The government is likely to extend an incentive scheme for leather and footwear industries, IFLADP, till 2025-26 with an outlay of Rs 1,700 crore, to further boost manufacturing, exports and job creation, an official said. The commerce and industry ministry has submitted a proposal for the implementation of the Indian Footwear Leather and Accessories Development Programme (IFLADP) with an outlay of Rs 1,700 crore, to be incurred during 2021-22 to 2025-26, the official said.
The Union Cabinet might approve it soon, the official added. The programme has six components Sustainable Technology and Environmental Promotion (proposed outlay Rs 500 crore); Integrated Development of Leather Sector (proposed outlay Rs 500 crore); Establishment of Institutional Facilities (Rs 200 crore); Mega Leather Footwear and Accessories Cluster Development (Rs 300 crore); Brand Promotion of Indian Brands in Leather and Footwear Sector (Rs 100 crore); and Development of Design Studios (Rs 100 crore).
The expenditure finance committee, under the finance ministry, has already approved the commerce ministry's proposal, the official added. Under the Sustainable Technology and Environmental Promotion component, assistance could be provided for setting up a common effluent treatment plant; and support could be extended for modernisation/capacity expansion/ technology up-gradation under the Integrated Development of Leather Sector component.
Similarly, under the Establishment of Institutional Facilities component, support could be provided for the setting up of new infrastructure and up-gradation of requisite infra of the existing campuses of Footwear Design and Development Institute (FDDI). Under the Mega Leather Footwear and Accessories Cluster Development sub-scheme, graded assistance is proposed for land development, social infrastructure, production facilities, and R&D (research and development) support. For brand promotion, support could be provided to promote at least 10 Indian brands in the international market.
