Technical textiles The lure of $30 bn
There is a burgeoning market for technical textiles in India and the industry should rise to the occasion to tap its potential, finds an exclusive ITJ Report.
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With regard to the Inclusion of Machinery Manufacturer under Amended Technology Upgradation Fund Scheme (ATUFS), the Office of the Textile Commissioner has issued Circular No. 9 — Circular No.ES/360/2016-17 (2016-2017 Series) dated March 27, 2017
The Union Textiles Minister Smriti Irani unveiled a Mudra portal recently that will enable banks to deposit financial assistance to handloom weavers in electronic mode and credit the loan directly to their accounts.
Mayur Suchak, MD, Magus Consulting Pvt Ltd speaks on the vision and objective of the company and its USPs as project consultant.
Budget measures like corporate tax cut for MSMEs, plan to set up 100 international skill centres, and support to cluster approach for contract farming have brought cheer to the textile industry. An ITJ Report on the pros and cons of the Budget 2017-18.
The focus during the budget session was predominantly on infrastructure, affordable housing, agriculture, rural development, employment, speedy accountability, prudent fiscal management and transparency in taxation, says Amit Gugnani.
Fourteen textile parks, big-ticket projects of some textile majors, liberal norms for backward regions and ‘Farm-to-Fashion’ initiative have all the ingredients to turn Maharashtra’s textile dream into reality. An ITJ Exclusive throws some light.