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.
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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.
Kochi-based Kitex Garments Limited, currently the third largest infant apparel manufacturer in the world, is on track to raise production capacity by over 3.5 times to produce 22 lakh pieces per day by 2025 from the current six lakh pieces of finished garments per day for new-born and babies up to two years.
The Gujarat industries and mines department gave an adrenaline shot to the textile sector by declaring its “scheme for assistance to strengthen specific sectors in the textile value chain†policy, which will be valid from September 2018 to December 2023.
The Clothing Manufacturers Association of India (CMA) has thanked the Government, especially PMO, Commerce and Textiles Ministry for implementing this much-awaited Policy, which will bring level players for all domestic retailers.