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India to position itself as global MMF hub
India is working to be a global hub in the man-made fibre (MMF) and technical textiles segments, including setting up five integrated textiles parks, a testing lab and starting a Focused Product Scheme, according to textiles secretary Ravi Capoor.
Textile Industry: Locked down
Covid-19 virus that has thrown the economic activity out of gear across the world has also halted the Indian textile industry to a grinding halt.
Automation: Need of the hour
Without modernisation of its entire value chain, India can never become global champion in textile sector.
Brueckner finishing system saves over 10-times water needs: CEO
Many call Brueckner’s textile machinery as fascinating, agreeing to the catchphrase found on their website because as one Asian company bearing testimony to the machinery’s unique features says: “We achieve perfect dyeing results with our Brueckner thermosol line and this allows us to extend our production with high-quality products.
India mulls extending RoSCTL
India is mulling over extending the Rebate of State and Central Taxes and Levies (RoSCTL) for the garments and made-ups sector to other textile products because of the urgency to do away with the merchandise export incentive scheme (MEIS), which is against World
SIMA hails made-ups export package
The Union Cabinet Chaired by the Prime Minister approved certain reforms to boost employment generation and exports in the made-ups sector that has been facing challenges in the international market due to high costs of production, non-refund of State levies, high tariff barrier when compared to the competing nations such as Pakistan, Vietnam, etc.
Gujarat marches ahead
Gujarat has performed remarkably well, achieving an 18 per cent growth over the past decade since 2004, through policy support from both the Centre and State government. Unlike several other states, entrepreneurs in Gujarat have the option of availing benefits from both the Centre and the State Government, allowing for additional benefits. The Centre’s Technology Upgradation Fund Scheme (TUFS), along with the state government’s policy, has helped entrepreneurs reap huge benefits in the sector.
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