The maiden budget presented by the new Indian government promotes new textile clusters.The Indian government led by Honourable Prime Minister Narendra Modi
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The budget has a progressive tone. The impetus on boosting manufacturing, infrastructure, inland fisheries and agriculture sectors bode well as this would aid in boosting the economy as a whole.
The Association of Italian Textile Machinery Manufacturers (ACIMIT) is a private non-profit organisation, whose main purpose consists in promoting the Italian textile machinery sector and in supporting its activity
In Italy, there are approximately 300 companies who produce textile machines and related accessories, for a total of about 11,000 employees. In 2013 the value of Italian production was Euro 2.3 billion, with exports worth Euro 1.9 billion.
For 2014-15, budgetary allocation under the Technology Upgradation Funds Scheme (TUFS) increased to Rs 23 billion from the revised estimate of Rs 19.5 billion in 2013-14 .
On behalf of the Clothing Manufacturers Association of India, representing over 2,000 manufacturers and 15,000 retailers, I would like to congratulate the Finance Minister for his balanced, growth oriented, and manufacturing friendly budget presented.
The Association of Italian Textile Machinery Manufacturers (ACIMIT) is a private non-profit organisation, whose main purpose consists in promoting the Italian textile machinery sector and in supporting its activity