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Industry on ‘wait-n-watch’ mode
The textile industry is keeping its fingers crossed over the emerging threat of coronavirus in the months to come.
Textile industry to reach $2.1 trillion by 2025: ITAMMA President
The Indian Textile Accessories and Machinery Manufacturers Association (ITAMMA), which participated at the recently-concluded Texfair 2017 in Coimbatore, talked about working towards its vision “to make India the hub of textile accessories and machinery by 2020,” and accordingly under mission plan ITAMMA is taking efforts to innovate and improve the technological capability of its member companies through various schemes and initiatives.
Who´s Who: Y-Gen
Anuj Bhagwati, who now heads the A.T.E. Group, joined the Group in 1994. He has been actively involved in a wide range of activities in the group: he introduced IT to the group, managed several companies, put together joint ventures, and has been a part of divestments, turnarounds, start-ups and scale-ups. In the process he has transformed A.T.E. into a modern and technology oriented group.
India to carry comfortable cotton closing stock
The predominantly cotton based textile industry has been producing almost 75 per cent of the spun yarn from cotton and therefore, this industry has been subjected to crisis due to volatility in the prices.
SIMA & TSC organise PMKVY workshops
The National Skill Development Corporation (NSDC) has announced Pradhan Mantri Kaushal Vikas Yojana Scheme (PMKVY) to facilitate the unemployed youth to get trained, certified and placed in various manufacturing sectors and gives financial assistance ranging from Rs 6,000 to Rs 12,000 depending upon the skill level and also Rs 2,500 for the existing employees to undergo recognition of prior learning training and get certificates.
Textile industry demands ignored
The Indian textile industry, employing over 105 million people, has been pleading for several urgent measures relating to Technology Upgradation Fund (TUF) scheme, levies on man-made fibre duties, enhanced incentives under Focus Market Scheme to compensate partially, the disadvantages in the tariff rates for Indian textile products prevailing in various countries till the FTAs are finalised.