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Textile Ministry mulling over streamlining TUFS under new textile policy

Related Keywords: export market, Indian Textiles Industry, MMS, modernization of processing, new textile policy, restructuring, Shuttle-less loom, spinning, Technology Upgradation Fund Scheme, Textile Ministry, TUFS, weaving

Technology Upgradation Fund Scheme (TUFS) which was introduced in 1999 to catalyze investments in all the sub sectors of textiles industry by way of interest reimbursement. The scheme mainly focuses on modernization of processing, spinning, and weaving, garmenting and technical textiles segments, where there is good scope for massive employment generation and value-addition.

The textile ministry is now mulling over a proposal to restructure the textile upgrade fund (TUF) for making it broad based to include many more areas and make better benefits under the new textile policy proposed.

Pakistan welcomes all to the 8th edition of IGATEX Pakistan

Related Keywords: business opportunity, business-to-business match making, direct marketing, foreign investments, garment and textile machinery expo, IGATEX Pakistan, spinning, technical seminars, textile and garment knitwear, weaving

IGATEX Pakistan is expected to be a professionally enriching experience for textile machinery manufacturers, providing them an opportunity to directly market their products to the decision makers in an exceeding competitive global business environment. The show will include working and stand alone demonstrations of various cutting edge industry tools and technology.

Wool festival pulled people from all over the world to celebrate joy of yarn in all its forms

Related Keywords: crochet, dyeing and felting skills, knitting, Skipton auction mart, spinning, weaving, wool community, wool festival, yarn-based skills, Yarndale festival

The first ever Yarndale festival took place in September 2013 which proved to be a runaway success for both exhibitors and visitors alike. It was declared an outstanding success when 6,500 visitors flocked into Skipton. Held at Skipton Auction Mart, yarn lovers travelled from far and wide to attend this much anticipated festival.

This year the festival boasts an increased number of exhibitors as well as an enhanced programme of textile workshops and demonstrations. People travelled from all over the world for this year's Yarndale Festival.

ZCMT-JV to contribute to the economic revival of Kabwe

Related Keywords: cotton grower, economic revival, jobs, Kabwe, Kabwe Chamber of Commerce and Industry, MeTL Group, operation, spinning, weaving and ginnery, ZCMT-JV

The Zambia China Mulungushi Textile Joint Venture Limited (ZCMT-JV) complex in Kabwe after lying idle for seven years is expected to begin operations in the next three months and is anticipated to create over 2,000 jobs mainly for the local people.
 

GHCL to revive its home textile business coming up with innovative made ups

Related Keywords: Celliant sheet, front-end retail, GHCL, home textile company, innovative made-ups, performance sheet, spinning, USDA approval, weaving

GHCL Ltd. is world’s first fully integrated home textiles company, having operations starting from spinning, weaving to front-end retail on a global scale. In an effort to revive its home textile business is introducing innovative made-ups such as performance sheets and Celliant sheets.
 
The various innovative products offer benefits such as wrinkle free properties, medical properties that supplies energy back to body when asleep and properties that make sheets softer after each wash.
 

New solution, Microspin machine developed for cotton growers

Related Keywords: cotton fabric, cotton grower, Kannan Lakshminarayan, microspin machine, raw product, spinning, technology solution, Vidarbha farmer, weaving activity

Kannan Lakshminarayan a Chennai-based entrepreneur has developed a new technology solution, Microspine machine for cotton growers to carry out spinning and weaving activities at small units near cotton farms. After seen the low returns cotton grower get on the sale of the raw product.

The microspin machine will help them move upward the value chain in the vast business of producing garments, farmers can secure better returns and generate more productive employment at the farm a new solution has been developed.

APTMA claims Punjab textile industry in strain

Related Keywords: APTMA, Pakistan textile, spinning, weaving

With the claim of APTMA (All Pakistan Textile Mills Association) of the closure of 25 spinning and weaving factories as well as production of firms demoted by nearly 33%, it is sure for the Punjab province to face a crucial term in the nearing months.

The growing tension in the textile industry is basically due to dissatisfaction of increasing prices and decreasing supply of basic amenities. Electricity rates increased in September last year and 70 % gas cuts were imposed to the factories in Punjab.

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