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New textile policy likely to be announced after Budget 2015 will give new direction to textile sector

Related Keywords: agro textile, CMAI, expand production capacity, geo textile, Indian textile sector, National Garment Fair, New national textile policy, Technical textile, Textile Commissioner, Textile parks

The new national textile policy is almost ready and is expected to be announced immediately after the Union Budget. Textile Commissioner Kiran Soni Gupta informed after inaugurating the 60th National Garment Fair organised by Clothing Manufacturers Association of India (CMAI) in Mumbai.

The textile sector will get a new direction and a huge support from the new policy as it has outlined all the aspects - the vision, strategy and the action plan.

Gujarat show mammoth interest in TUFS with 90pc applications

Related Keywords: ATIRA, capital subsidy, Gujarat textile industry, processing, readymade garment sectors, RRTUFS, SITP, Technical textile, Textile Commissioner, TUFS

Gujarat textile industry taking maximum benefit from the Technology Upgradation Fund Scheme (TUFS). In TUFS under 15 percent MMS, 90 percent of the application were received from Gujarat, stated Kiran Soni Gupta, IAS, Textile Commissioner at the meeting held at the Ahmedabad Textile Industries Research Association (ATIRA) between the Textile Commissioner and textile industry stakeholders on Tuesday.
 

SISPA pushing for quality cotton at reasonable prices for small spinners

Related Keywords: cotton, excise duty, Indian cotton industry, quality raw material, SISPA, SME sector, synthetic fiber, Textile Commissioner, TUFS

With various problems being faced by small spinners, President, K Thirunavukkarasu of South India Spinners Association (SISPA) has urged Textile Commissioner Kiran Sony Gupta to make sure that quality raw material, cotton is made available at reasonable price level without much instability.

SISPA wants the textile ministry to maintain a stock to use ratio of 50 lakh bales of cotton stock till the end of the cotton arrival season to meet the needs of the spinning sector.

Indian textile ministry decides to put all info related to TUF online

Related Keywords: 23 lakh powerloom, bankers, beneficiaries, Indian textile ministry, Kiran Sony Gupta, office of textile commissioner, online, Textile Commissioner, TUF scheme

The Indian Textile Ministry has decided to put all information related to Textile Upgradation Fund (TUF) Scheme online. This will assist the beneficiaries to overcome any possible procedural hassles and also delay and confusion over the communication. The decision on TUF procedure to be made online as it was observed that of the 23 lakh powerlooms, only about 1.25 lakh looms have taken advantage of the TUF and other schemes.

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