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Related Keywords: betterment of textile sector, boost investment into textile sector, compensated by the government, Government to reintroduce TUFS, Minister of state for textiles, Santosh Kumar Gangwar, Technology upgradation funds scheme, Texprocil

Prime Minister Narendra Modi in the last Cabinet meeting evinced keen interest and talked about technology upgradation funds scheme (Tufs). Tufs was launched in early 1990s to boost investment into the textiles sector. Under the scheme, five percent of the total investment for technology upgradation is compensated by the government.

The Tufs scheme was touted to be a great success, attracting massive investment and helping revive the textiles sector was discontinued two years ago due to lack of initiatives of the previous government.

Related Keywords: covering apparel and fashion accessories, IIGF, inaugurated India International garment fair, largest garment show in South Asia, largest participation of buyers, Minister of state for textiles, non traditional market, organized by AEPC, Santosh Kumar Gangwar, showcase latest and emerging trends, traditional markets

Minister of State for Textiles (I.C) Shri Santosh Kumar Gangwar, today inaugurated the 55th India International Garment Fair, 2015, India's largest garment show in South Asia, covering apparel and fashion accessories which has attracted 305 buyers from across the globe, of which 202 are from traditional markets and 103 are from non-traditional markets. 2,921 buyers have already registered for the fair. The 55th IIGF is a three day fair which is being held from 13th to 15th July 2015, at Pragati Maidan, New Delhi.

Related Keywords: Bath linen, furniture fabric salon, Heimtextil India and Ambiente India, inaugurated by Santosh Gangwar, kitchen textiles, Minister of state for textiles, platform for manufacturers, retailers and designers, seven countries showcasing, textile floor coverings, trade fair for home furnishing and contract textiles, window decorations

The Heimtextil India and Ambiente India, Trade Fair for Home Furnishing & Contract Textiles targeting Trade visitors across India was inaugurated by the Minister of State for Textiles (Independent Charge), Santosh Kumar Gangwar in New Delhi on Thursday.

Heimtextil India joins the world's most renowned Home and Contract Textiles trade fair brand. The show is jointly organized by Messe Frankfurt Trade Fairs India Pvt Ltd, the Indian subsidiary of one the world's leading exhibition organisers.

Related Keywords: boost sales, domestic and international market, handloom agencies, Handloom Marketing complex, handloom products, Indian handloom sector, marketing outlet, Minister of state for textiles, new textile policy, Santosh Kumar, Weavers

The Minister of State for Textiles (Independent Charge), Santosh Kumar Gangwar Thursday inaugurated the Handloom Marketing complex at Janpath in New Delhi, with a view to create a permanent marketing outlet that will enable handloom agencies to boost their sales as well as also make available quality handloom products to the perceptive consumers.

Related Keywords: initial fund of 35 crore, Integrated Processing Development Scheme, integrated textile parks, launch, Minister of state for textiles, Santosh Gangwar, SIDBI, start up entrepreneurs, Tex-Venture Capital fund, textile ministry of India, venture capital fund

Minister of State (Independent Charge) for Textiles, Santosh Gangwar, at the annual conference of State textiles ministers held yesterday announced that the Textile Ministry plans to launch a venture capital fund with an initial corpus of Rs.35 crore in association with the Small Industries Development Bank of India (SIDBI) to support start-up entrepreneurs in the sector.

Related Keywords: 13 textile parks, Indian textile industry, investment Rs100 crore, Minister of state for textiles, new textile policy, Santosh Kumar Gangwar, treble market share

The Minister of State (Independent Charge) for Textiles Santosh Kumar Gangwar approved setting up of 13 textile parks for which investment proposals of miniumum Rs100 crore will be considered, this move is expected to generate jobs for at least 2,500 to 3,000 people.

Subsidy amount of 40 crore each will be provided by the Ministry, said Gangwar. After agriculture, it is the textile industry which generates maximum employment

Gangwar has called for a meeting of the state Textile Ministers on 24 September, to seek their inputs on the new Textile policy and other related matters.