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Textile production picks up
The monthly Index of Industrial Production for textiles increased 7.8 per cent in August this year compared with the same month last year. The cumulative index for textiles from April to August this year has also gone up marginally — 1.1 per cent — from a year earlier.
Textile exports rise 3.2% in 3 years
As per the data available with the Government, the export of textiles and garments has shown an increase of 3.2 per cent during the last three years.
Rs 1,200 cr for Telengana textile industry
A budget of Rs 1,200 crore has been allocated by the Government of Telangana for the textile sector for the year 2017-18. Around Rs 373 crore will be used for the handloom sector, while Rs 827 crore has been allocated for powerlooms and its modernisation.
TUFS to boost textile & jute sectors
´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´.
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