The Government has approved a Rs 6,000 crore special package for textiles and apparel sector to create one crore new jobs in 3 years, attract investments of $11 billion and generate $30 billion in exports. The special package for textile and apparel sector was approved by the Union Cabinet under the Chairmanship of Prime Minister Narendra Modi.
Search Results: exports (2571)
The Government has approved a Rs 6,000 crore special package for textiles and apparel sector to create one crore new jobs in 3 years, attract investments of $11 billion and generate $30 billion in exports. The special package for textile and apparel sector was approved by the Union Cabinet under the Chairmanship of Prime Minister Narendra Modi.
After experiencing tremendous success in the first-ever Source India programme held at Hotel Grand Hyatt, Mumbai during 2010, the Synthetic & Rayon Textiles Export Promotion Council (SRTEPC) has decided to organise the second edition of Source India programme under the MAI scheme ´ an exclusive buyer-seller meet in Surat inviting buyers from Asia, Middle East & Gulf, Africa and South American countries.
The fiscal incentives in the package, which is expected to cost the ex-chequer an estimated Rs 6,000 crore, include enhanced duty drawback coverage with refund of State levies not being compensated so far, additional funding under the Technology Upgradation Fund Scheme (TUFS) and enhanced scope of income tax exemption under Section 80JJAA of the Income Tax Act.
Many specialised yarns are gaining importance in recent times over conventional yarns, elaborates an ITJ exclusive feature. It was a trickle a decade ago, but now speciality yarns are flooding the market. Boom in fashion, fast growth of technical textiles and newly emerging areas like leisurewear and sportswear are fueling the growth of speciality yarns.
If you ask many an Italian textile machinery company, what are the factors behind their success, they mostly point out to two elements: Tradition & Innovation. For years, these companies have upheld the great values of their tradition, and by spending 5 per cent of their turnover constantly year after year on research and development (R&D), they have given priority to innovation.
Many specialised yarns are gaining importance in recent times over conventional yarns, elaborates an ITJ exclusive feature. It was a trickle a decade ago, but now speciality yarns are flooding the market. Boom in fashion, fast growth of technical textiles and newly emerging areas like leisurewear and sportswear are fueling the growth of speciality yarns.