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FIASWI urges govt to expedite TUF scheme
The Federation of Indian Art Silk Weaving Industry (FIASWI) has requested the ministry of textile to expedite financial assistance to weaving units in Surat under Technological Upgradation Fund Scheme (TUFS).
SIMA appeals new govt to resolve TUF issues
The Southern India Mills Association (SIMA), an apex body of spinners in India, appealed to the new Central Government to resolve Technology Upgradation Fund (TUF) issues to boost job creation and exports.
Textile production picks up
The monthly Index of Industrial Production for textiles increased 7.8 per cent in August this year compared with the same month last year. The cumulative index for textiles from April to August this year has also gone up marginally — 1.1 per cent — from a year earlier.
Enhanced MEIS & RoSL export benefits a huge relief: SIMA
The Government has increased the Merchandise Export from India Scheme (MEIS) from 2 per cent to 4 per cent for all garments and made-ups and also increased the upper limit of Remission of State Levies (RoSL) for the exports of cotton garments from 1.22 to 1.7 per cent and cotton made-ups from 1.55 per cent to 2.20 per cent.
Sri Lakshmi Fire Controls achieves 50% growth
Sri Lakshmi Fire Controls was founded in 2012 by AS Venkat Krishna, who is well experienced in fire protection field. Sri Lakshmi Fire Controls has a technical collaboration with German-based GreCon, a leader in fire protection system with more than 2,00,000 successful installations around the globe. AS Venkat Krishna, Chief Executive Officer, Sri Lakshmi Fire Controls, spoke to The Indian Textile Journal in an exclusive interview.
Prospects, challenges and remedies of TEI industry
The Indian Textile Engineering Industry (TEI) is more than 100 years old with an illustrious history of achievements, including manufacture of advanced spinning machinery, power looms, weaving preparatory machines, finishing and dyeing machines, etc. It has also made a mark in the world specially in the field of export of accessories which amount to nearly two-third of last year?s export of about Rs 2,600 crore.
Let the good times roll!
The Indian textile industry should cheer up now. Though the modalities of how the Rs 6,000-crore bonanza, announced by the Modi Government for the textile industry, will take shape, there are enough hints that in a very few months, proper steps will be revealed. Murmurs of dissatisfaction are fading away, and the Amended Technology Upgradation Fund Scheme (TUFs) seems to have got the nod of approval from the industry.