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Related Keywords: capital investment subsidy, entire textile value chain, get additional ten percent, made up segment, second largest employment generator, subsidy, Technology Upgradation Fund Scheme, textile sector, textiles ministry, under ATUFS

The made-ups segment which is the second largest employment generator after apparels in the entire textile value chain will get additional 10 percent capital investment subsidy of up to Rs 20 crore under the Amended Technology Upgradation Fund Scheme.

According to the notification from the Textiles Ministry "Every eligible made-ups unit which has availed 15 percent benefit under ATUFS will be paid an additional 10 percent capital investment subsidy on their investment up to an additional maximum cap of Rs 20 crore".

Related Keywords: bring in stability in the cotton price, Chairman M Senthilkumar, clean cotton cost used for combed count yarns, during the off season, entire textile value chain, sell cotton only to actual users, SIMA, Southern India Mills Association, Spinning mill, spot price of benchmark cotton variety increased, thanked Ministry of Textiles

Southern India Mills Association (SIMA) Chairman M Senthilkumar thanked the Ministry of Textiles for actively considering the Association plea of selling the cotton only to the actual users and stated that this would bring in stability in the cotton price during the off season.

He expressed gratitude towards Union Ministry of textiles for taking a proactive decision of selling cotton through Cotton Corporation of India (CCI) to the actual users consisting of Micro, Small and Medium Enterprise (MSME) inorder to stabilize the cotton price.

Related Keywords: affect textile export activities, APTMA, demand immediate tax holiday, entire textile value chain, import of cotton, off set decline in textile exports, Pakistan cotton crop for the year, PCGA, sharp reduction in output, textile manufacturers, trading partners, USDA, withdraw levy on cotton import

Pakistan cotton crop for the year 2015/16 due to its sharp reduction in output, textile manufacturers are anticipate serious affects on export activities for which they demand for an immediate tax holiday on import of cotton, that might off-set decline in the textile exports.