Union Textile Minister, K Sambasiva Rao, gives clearance for the Technology Upgradation Fund subsidy (TUF) for the quarter ending September last.
Southern India Mills’ Association thanked the minister for clearing the TUF and for constituting a committee for considering the pending cases of TUF, consequent to a meeting of a delegation from SIMA and Confederation of Indian Textile Industry, which will finalise the list in 10 days and process the issue, SIMA Chairman T Rajkumar said in a statement here.
According to SIMA, the mill owners would be happy over the TUF clearance, as the release of subsidy would take off the financial pressure of the mills and enable them purchase cotton during peak season.
VIP Clothing has entered a new market segment with the launch of branded handkerchiefs while also expanding its presence within…
Cotecna has officially opened its new Softlines Testing Laboratory in Tirupur. The inauguration was led by Amit Chopra, along with…
Loop Industries has raised €10 mn through a convertible preferred security agreement with Reed Societe Generale Group, an entity under…
OJAS has partnered with Maharishi for a capsule collection in military-inspired aesthetics featuring Maharishi’s Original Snopants, sweatshirt, and a tote…
Red Run has announced its foray into menswear with menswear collection, titled ‘Drop 1,’ featuring 10 essential pieces designed for…
INEOS Styrolution, a global leader in styrenics, has successfully completed its first project involving mechanically recycled polystyrene in yoghurt cups.