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CITI hails proposed Mega Textile Park Scheme
The Ministry of Textiles under the dynamic leadership of Union Textile Minister, Smriti Zubin Irani, is in the process of formulating the new textile policy and it is likely to be announced in 2020.
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.
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.
Achhe din kab aayenge?
I remember a presentation I made in China last June, where I proudly claimed that Indian textile industry would be well off even with less purchase of cotton and yarn by China. We all were buzz with optimism and were ranting the Indian consumption story.
Govt´s support lacking
The current budget for 2015-16 is considered as growth oriented by various experts, but I think for textile Industry, it is not very promising budget. The Government´s vision of growing Indian textile and apparel industry to US$ 220 billion by 2020 needs more support and schemes from government. Unfortunately major demands of Industries have not been met in current budget.
Focus on technical textiles, garments; boost to handlooms
The new government under the able leadership of Prime Minister Narendra Modi has stressed a revolutionary economic vision based on increasing production, export and generating employment, giving particular attention to productive employment opportunity for the youth, inclusive and participative growth, skill, scale and speed, ´Make in India´ brand, zero defect - zero effect, Adarsh Gram, to name a few.
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