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Related Keywords: Amended Textile Upgradation Scheme, application, digital signature, garmenting and technical textiles segments, jute, Ministry of Textiles, processing, silk and handloom segments, Technology Upgradation Fund Scheme, Textile Industry, textile units, weaving

The unit is also required to fill the DPR field as per the Format enclosed at the time UID application and the Lending Agency has to digitally sign it, it said. The Ministry circular said that the modifications are being carried out in iTUFS software accordingly and it will be implemented with effect from August 30, 2018.The beneficiary units and Lending agencies have been asked to make necessary arrangements so that they could apply with digital signatures, on or before August 30, 2018.

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: basic customs duty, brings diverse reaction from textile sector, certian fabrics for export of garment, CITI, duty free import, excise duty, Indian Texpreneurs Federation, manufacture of garments for exports, SIMA, TEA, Technology Upgradation Fund Scheme, Texprocil, Union budget for textile industry

The Union budget 2016 for the textile industry brings diverse reaction from the textile sector. According to Tirupur Exporters’ Association, president A. Sakthivel, the budget have brought cheer to textile manufacturers in the State as funds have been allocated for Technology Upgradation Fund Scheme and basic customs duty has been exempted for import of specified fabrics (for manufacture of garments for exports) of value equivalent to one percent of FOB value of exports in the preceding financial year, which will give a boost to garment manufacturers in the State.

Related Keywords: better transmission of the monetary policy, curbr distorting effect on the interest rate market, government planning to tweak, rationalise various dole out based schemes, replace interest subsidy with other forms, support like viability gap funding, Technology Upgradation Fund Scheme, TUFS, upfront capital subsidy

The Technology Upgradation Fund Scheme (TUFS) was introduced to make available funds to the textile industry for upgrading technology at existing units as well as to set up new units with state-of-the-art facilities. The government is now planning to tweak the Technology Upgradation Fund Scheme (TUFS) in the textile sector and may end interest subsidy provided to mills against investments made by them, as it intends to rationalise various dole-out-based schemes.

Related Keywords: accumulation of yarn stock and liquidity problems, higher tariff rates, meeting, power loom clusters, Southern India Mills' Association, spinning sector, synthetic yarn market, Technology Upgradation Fund Scheme

Southern India Mills' Association (SIMA), apex body of spinners in this region, has convened a meeting of its member mills here on August eight to discuss various problems faced by spinning sector and decide on future course of action to mitigate the crisis.

Considering the situation, the association has convened the meeting of the Managing Directors of the member mills to discuss the issues and arrive at a solution to tide over the crises, Sima Chairman T Rajkumar said.

Related Keywords: current financial year, encouraging exports, export of textiles, Santosh Kumar Gangwar, targeting a growth of fourteen percent, Technology Upgradation Fund Scheme, textiles minister, through Merchandise Exports from India Scheme

Textiles Minister Santosh Kumar Gangwar in his written reply to Lok Sabha mentioned that the export of textiles for the current financial year (2015-16) targeting a growth of 14 percent has been fixed at USD 47.5 billion from actual exports of USD 41.6 billion in 2014-15, parliament was told on Thursday.

He also said that the government is encouraging exports through Merchandise Exports from India Scheme (MEIS), which has recently been modified to include the markets of Bangladesh and Sri Lanka.

Related Keywords: All Pakistan Textile Mills Association, APTMA, chairman S M Tanveer, fresh investment in textile, Pakistan Textile Policy 2014-19, Technology Upgradation Fund Scheme, textile industry in Pakistan

As the Pakistan federal government withheld the notifications of initiatives under the Textile Policy 2014-19 to avail of the terms of Technology Upgradation Fund Scheme (TUFS), the All Pakistan Textile Mills Association (Aptma) has lamented the delay, citing that it is hindering the industry from undertaking BMR and fresh investment initiatives for the textile industry.

Related Keywords: budgetary allocation for textile, handloom sector, import duty on ethylene, import duty on propylene, readymade garment, Technology Upgradation Fund Scheme, Textile budget, textile clusters, Textile Minister, TUFS, Union budget 2014-15

The Narendra Modi government, which has sought 60 months from the Indian electorate to bring good days, in its first budget exuded its intent to kick start the investment cycle to nurse India's ailing economy back to good health. Coming amid high expectations from the textile and garment industry, the Finance Minister Arun Jaitley, in his maiden Union Budget 2014-15, charmed the industry participants with an array of encouraging proposals.

Related Keywords: Clothing Manufacturers Association of India, india textile export, National Garment Fair, Santosh Kumar Gangwar, Technology Upgradation Fund Scheme, textiles minister

Santosh Kumar Gangwar India's textiles minister while inaugurating the 59th National Garment Fair (NGF), organised by the Clothing Manufacturers' Association of India in Mumbai stated that textile has huge potential and there will be everything in place to improve its exports.

The 59th NGF is India's biggest apparel trade show with 730 brands on display and is expected to generate a business of around Rs 500 crore.

Related Keywords: Free trade agreement, India textile industry, Technology Upgradation Fund Scheme, Union buget 2014-15, yarn export

Yarn exports have been very good this year, but to further help yarn exporters, the Government needs to recommence efforts to seal a Free Trade Agreement with the EU to drive exports from the current $15 billion.