The Union Cabinet gave its approval to extend the Production- Linked Incentive (PLI) scheme to textile products along with nine other new sectors entailing additional financial outlay of Rs 1460 billion over a 5-year period
Browsing: A.T.E. Enterprises Pvt Ltd
The long-awaited GST rates have sparked off many a smile and a few wails in the textile industry! While the majority of textile industry, particularly the garment industry, has gone gung ho over the new rates of GST, synthetic textile segment has been crying hoarse, legitimately over the 18 per cent rate.
Promise of new measures from the Government, much-awaited GST on the cards, hints of the decentralised segments attaining maturity that will spur demand for textiles augur well for the textile industry in 2016 and beyond, recounts an Exclusive Report by Joseph S and Karthik M.
Spinning has been good in India, but looking at the trend unfolding in the last six months, it needs a relook. One is the Technology Upgradation Fund (TUF) which has been temporarily stopped. Secondly, the yarn export to China has virtually come to a standstill.
Celebrating its 5th edition as India?s largest exhibition for the technical textiles and nonwovens industry, Techtextil India lived up to its promise of a truly business and growth-oriented trade fair for India.
GV Aras, Director of A.T.E. Enterprises Pvt Ltd, has in all 30 years of experience in textile and textile engineering industry. He has been with A.T.E. since more than 25 years. He joined A.T.E. in 1981 as a Junior Sales and Service Engineer and rose to attain the position of Director – Textile Engineering Group (TEG) of A.T.E.
The nonwovens industry in India is still at an early stage of development, although some well-known companies have invested in nonwovens. The CoE aims at advancing the development of the industry in nonwovens. For this reason, institute management decided two years ago to invest in a complete needling line.