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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: black out period, Cabinet Committee on Economic Affairs., Indian textile mills, inter-ministerial steering committee, investment for upgrading technology, subsidy, textile minister Santosh Kumar Gangwar, TUFS

The Indian textile mills who had made investment for upgrading technology at their existing units as well as to set up new units with state-of-the-art facilities under the Technology Upgradation Fund Scheme (TUFS) more than three years back are looking for subsidy release now which according to them is worth Rs 2,500-3,000 crore.

Related Keywords: handloom, international market, MSME product, subsidy, Textile

The government to boost its MSME (micro, small and medium enterprises) products in international markets has decided to give upto 50 percent subsidy to exporters on total freight charges paid on good shipped through ports outside the State.

According to the draft export policy, the exporter will get reimbursement upto 50 per cent on the total cost of transportation subject to a ceiling of Rs.50, 000 on goods shipped outside State port, provided ports within the State do not have facilities for handling such cargo.

Related Keywords: handloom sector, Kannur weavers, subsidy

Kannur weavers upset as no action taken by the government towards the handloom sector to clear the subsidy. Though finance minister K M Mani announced Rs 7 crore for clearing the handloom rebate in the budget for 2014-15, taking into consideration the huge backlog that is due to the weavers, this is practically nothing. It will only deepen the crisis in the handloom sector, said Weavers' Cooperative Societies' Association leaders addressing a press meet on Wednesday.