Textile producer Pallavaa Group plans to invest Rs 500 crore in the next five years to expand capacity and enter into textile processing.
Browsing: Apparels & Garments
PNataraj, Chairman, The Southern India Mills’ Association (SIMA), has welcomed the announcement of Rs 6,000 per year for the farmers having below two hectares of land under Prathan Mandri Kisan Samman Nidhi Programme giving effect from December 1, 2018 as the same would benefit millions of cotton farmers.
The third edition of ITMACH India will be held from December 5-8, 2019, in Gandhinagar, Gujarat, the most important hub of textile manufacturing in the country.
The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, has approved continuation of the Credit Linked Capital Subsidy and Technology Upgradation Scheme (CLCS-TUS) beyond 12th Plan for three years from 2017-18 to 2019-20, with a total outlay of Rs. 2,900 crore. The scheme will facilitate technology up-gradation to MSMEs.
The shifting of polluting textile dyeing and printing mills outside the city limits could be a reality with the state government approving specified shifting zones for the industrial units with the addition of few provisions in the General Development Control Regulation (GDCR).
The Union Textile Ministry signed agreements with leading textile playes like Raymond, Welspun, Titan, Reliance Retail and the Sachin Tendulkar-promoted True Blue, under which these companies will procure more from the weavers directly.
Union Textiles Minister Smriti Zubin Irani released HSN codes for technical textiles during National Conclave on Technical Textiles, jointly organised by the Ministry of Textiles and FICCI, at Taj Hotel, Mumbai on January 29, 2019.