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.
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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.
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.
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.