´The Textile Upgradation Fund Scheme (TUFS) is an interest subsidy scheme for upgradation of technology as part of measures to boost textile and jute sectors. Some say it is now plagued by issues including non-allocation of subsidy and delayed reimbursement´.
Month: October 2015
A large number of Indian exhibitors and visitors have provided strong response to InORBIT´s travel packages, said Om Prakash, Director, who has been arranging travel since 1979. Exhibitors & visitors have already registered in their respective travel packages for ITMA 2015.
Imports of fabrics by China in 2013-14 is Rs 5,500 crore, which is grossly undervalued to the extent of at least 50 per cent. Therefore, actual value will be over Rs 8,000 crore. Imports of fabrics consist of manmade (polyester, viscose and nylon) fibres and yarns as India is the net exporter of cotton yarn and raw cotton to China.
The Better Cotton Initiative Council has appointed to serve as the new CEO of BCI, with effect from September 28. McClay replaces Patrick Laine who is retiring, but will continue to manage specific BCI projects during a transition period.
China´s cotton imports fell 62.3 per cent in July from a year ago to 1,05,700 tonne. Imports by China, the world´s top cotton consumer, are already down by 33 per cent this year to less than 1 mt after the government issued fewer quotas in a bid to boost demand for domestic fibre.
Saurer and Reyes Groupe are pleased to announce the sale of some Verdol assets to Saurer. Reyes Groupe has concluded the deal of selling its Verdol parts and service business to the Saurer Business Unit Allma Volkmann. This deal is a win-win solution for the two companies.
Quality control (QC) is the watchword in a competitive industry like textiles as it affects the user needs as well as profitability. It generally is a procedure (or) set of procedures intended to ensure that a manufactured product or a performed service adheres to a defined set of quality criteria or meets the requirements of the customer.