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.
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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.
Today the need of hour for powerlooms is proper marketing of products in order to gain profit and flourish business activity. Maharashtra is having the highest number of powerlooms among other states. Some of the major clusters of powerloom in the state are Bhiwandi, Ichalkaranji, Solapur, Malegaon etc.
Incorporated in July 2007, Advantage Organic Naturals Technologies Private Limited (AONTPL) was incubated in the prestigious IIT Delhi Campus, and owns three patents at USA, Europe & India and one more pending in India, “Method for dyeing a textile product using neem and holy basil extractâ€Â.