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Related Keywords: allied fields of handloom, announced new scheme, K T Rama Rao, launched from Pochampally, main objective of the scheme, provide financial, sizing, social security, Telangana handloom weavers, textiles minister, Thrift Fund Savings and Securities Scheme, warping, weavers can take loans or any financial help, winding

Textiles Minister K T Rama Rao announced on Thursday that a new scheme will be launched on June 24 from Pochampally and the main objective of the scheme is to provide financial and social security to the weavers.

The new Telangana Handloom Weavers Thrift Fund Savings and Securities Scheme (TFSSS) is for the benefit of weavers in the State.

Rama Rao said that apart from providing financial and social security, the scheme will also help the weavers take loans or any financial help in the future to meet their needs.

Related Keywords: Indian textile policy, investment in textile sector, new textile policy, textile exports of India, textile exports target of India, textile parks in India, textile sector of India, textiles minister

Union Textiles Minister Santosh Kumar Gangwar said that New National Textile Policy is to be issued before the end of April, 2016 during the budget session of the Lok Sabha.

The new policy sets a target to achieve $300 billion (nearly Rs 20.50 lakh crore) textile exports by 2024-25 and generate employment opportunities with an additional 35 million jobs.

The policy is expected to accommodate a series of reforms to make India a truly manufacturing hub in textiles sectors so that Indian textiles players can take maximum advantages of the slowdown in Chinese textiles industry.

Related Keywords: announced policy of Maharashtra, Chandrakant Patil, encouraging investors with self financing, extend capital subsidy, MIDC, projects financed by banks, revive ailing textiles units, self financed textile unit, Texprocil, textile sector, textiles minister

Textiles minister Chandrakant Patil announced the policy of the Maharashtra Government to extend a capital subsidy to those textile units which are self-financed. Initially, Capital subsidy was allowed only for those projects that were financed by banks.

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: cotton corporation of India, cotton export plan, Cotton Textiles Export Promotion Council, for cotton sales, increase quantity of cotton sale, into domestic market, put off global tender, release more cotton, Southern India Mills’ Association, textile millers, textiles minister

The Cotton Corporation of India (CCI) has taken decision to release more cotton into the domestic market since domestic market is picking up and not to go ahead with its plans to float global tender for cotton sales as it is likely to result in panic in the domestic market and could send out a wrong message, BK Mishra CMD, CCI informed.

CCI has been placing 50,000 bales on a daily basis for the past 10 days on board for e-auction and around 80-90% of this has been picked up by mills.

Related Keywords: growers and their families, Indian jute industry, jute packaging material act 1987, production of jute sacks, sacking looms, synthetic lobby, Tapan Sen, textiles minister

At present the labour-intensive jute industry has a total installed capacity of around 29,00 sacking looms, which produce around 20.5 lakh tonnes of jute sacks. The Government’s reported move to "completely phase out" the Jute Packaging Materials Act 1987, will have “negative impact” on the jute industry spread over five States, affecting about 40 lakh workers, growers and their families, said Tapan Sen, Rajya Sabha MP from CPI(M).

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.