Textile units look for immediate steps from govt to stay competitive in global market

Around 300 textile units in the region have made separate representations to Prime Minister Narendra Modi listing out the immediate steps required from the government to support them remain competitive, as they are currently facing stiff competition in the global market.

Textile entrepreneurs wanted the intervention of the Union Government to ensure speedy disbursal of subsidies under the Technology Upgradation Fund (TUFS).

Prabhu Damodaran, secretary of Indian Texpreneurs Federation, an umbrella organisation of the 300 units said that though the Textile Commisisonerate in Mumbai has released the Expression of Interest from audit firms to clear the pending claims under TUFS, nothing has happened thereafter.

Projects started during the ‘blackout period’ set for TUFS – June 29, 2010, and April 27,2011 – too should be considered for payment of subsidies.

According to the entrepreneurs hank yarn obligation should be scrapped as it was a major deterrent for growth and economic viability of textile mills in the region. This age-old stipulation mandates the units to produce a minimum 40 percent of the yarn as hank yarn. Due to this, there is an excess production of hank yarn as the consumption of the same has come down because of the growth of power loom sector.

Recent Posts

Indorama Ventures partners for commercial-scale bio-PET bottles

Indorama Ventures has teamed up with Suntory, Iwatani, and others to introduce the first commercial-scale bio-PET bottle, made from certified…

15 hours ago

Milliken & Company launches innovative moisture barrier

Milliken & Company has introduced Milliken Assure, first flame-resistant moisture barrier for firefighter turnout gear that is free from PFAS…

15 hours ago

Paradise Textiles, Kintra Fibers launch bio-synthetic material garment

Paradise Textiles has collaborated with Kintra Fibers, a leader in bio-based fibers, to produce the first garment made from Kintra’s…

15 hours ago

Swisstulle advances dyeing efficiency with JigMaster

Swisstulle adopted JigMaster for its dyeing and finishing operations, especially for high-quality technical textiles used in fashion and automotive industries.

6 days ago

Birla Cellulose and Circ partner to scale textile recycling

Birla Cellulose, a leader under the Aditya Birla Group, has announced a long-term partnership with Circ, a U.S.-based textile recycling…

6 days ago

CARBIOS unveils enzymatically recycled polyester t-shirt

CARBIOS has collaborated with leading brands Patagonia, PUMA, Salomon etc. to create a groundbreaking polyester garment made entirely from textile…

6 days ago