For more than 110 years, Mayer & Cie. (MCT) has manufactured circular knitting machines that are used to make t-shirts, night wear, underwear and mattress covers, among others. The capital goods manufacturer from the Swabian Jura has received many patents and revolutionised the automated circular knitting process, and is now the global market leader in the field.
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TUF scheme of the Ministry of Textiles, Government of India can be cited as one of the best examples to demonstrate the influence of government fiscal policy and focused financial assistance
The Technology Upgradation Fund Scheme (TUFS), a flagship scheme of the Ministry of Textiles (MOT), was introduced in 1999
TUF scheme had been operating quite effectively over the last few years since its launch in the year 1999 and has been instrumental in fueling modernisation and capacity expansion in the textile industry.
TUFS scheme has been serving as ´Sanjivani´ (Life Giving) for textile sector till date. It was introduced with an aim to boost investments into textile sector.
TUFS, when launched in 1999, had an objective to grow India´s iconic textile industry and to a certain stage it did achieve that purpose.
Cotton imports by China in June have fallen by 26 per cent already. The see-sawing of prices in major countries including India is causing a lot of anxieties. Chinese prices are under pressure from significant left-over commercial stocks as well as sales of state reserve cotton, kicked off recently.