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Search Results for: tuf+scheme

Union textile ministry to boost textile sector considering interest subvention
The high cost of finance has been a major barrier for growth of the textiles sector, in a bid to counter torpidity in exports due to stiff competition, the Union textile ministry is contemplating
Govt looks to increase 67% disbursal of textile fund by 2022
The government had initially estimated disbursal of Rs18,000 crore under the Technology Funds Scheme (TUFS) but with the increasing interest from the textile industry and the opportunities that lie
New textile policy expects to pull Rs 30,000cr investment through 74 textile parks
With government planning to announce a new textile policy by April this year with main focus on manufacturing of value added products and export oriented goods that will benefit the economy. The
Norms of obtaining UID number for textile projects relaxed
The Maharashtra state government has relaxed the condition of obtaining unique identity number (UID) for availing the state’s schemes, simplifying the process for textile projects. The
SIMA seeks reduction in excise duty and extension of sops
In representations by industry bodies led by the Southern India Mills Association, the government has been asked to announce measures to salvage the textile value chains and dwindling cotton yarn
Govt starts process of settling dues related to blackout and leftout cases
The Indian government initiated the process of settlement of Rs 3,000 crore dues related to some 'blackout and left-out' cases which found no mention in the Amended Technology Upgradation Fund Scheme
Indian textile stocks fetched positive ROI despite lean phase
The stocks of textile companies have performed well in the last one year. Of the 52 textile stocks, 43 stocks have fetched positive ROIs despite Indian textiles going through a lean phase since the
Mah govt to provide textile owners subsidy delinked from bank loan
Maharashtra government for the first time has taken decided to provide subsidy to textile owners which would not be linked to bank loans. In a policy decision taken last week, the state government
Textile Ministry recommends corrective measures to boost textile exports
In the last few months, India’s textile and apparel exports growth have slowed down on account of various internal and external factors (textile and garment exports rose 0.6% to almost $18
Indian textile industry’s future to have less labour intensive machinery
ITMA 2015, the biggest international textile machinery exhibition which recently concluded at Milan, witnessed a footfall of around 1.23 lakh visitors from world over. Among them were from India,
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