Most of the textile companies have been under severe stress ever since the Covid pandemic struck Indian and the global economy causing economic slowdown.
Browsing: mmf
The Textiles Ministry is bringing to form a structure under which the Production Linked Incentive (PLI) Scheme for technical textiles and manmade fibre (MMF) segment will roll out, Union Cabinet Minister, Smriti Irani said at an ASSOCHAM Foundation Week Programme recently.
The 10th Annual General Meeting of ITTA was held on 16 th December 2020 through video conferencing under the Chairmanship of Dr Sundararaman KS. The key note address was given by Punit Lalbhai, Executive Director, Arvind.
SGCCI in order to accelerate the production and export of technical textiles in Surat recently submitted the expression of interest (EOI) for setting up of the Export Promotion Council (EPC) for technical textiles.
India is working to be a global hub in the man-made fibre (MMF) and technical textiles segments, including setting up five integrated textiles parks, a testing lab and starting a Focused Product Scheme, according to textiles secretary Ravi Capoor.
On November 11, 2020, the Union Cabinet gave its approval to extend the PLI scheme to textile products along with nine other new sectors entailing additional financial outlay of Rs 1,460 billion over a five-year period.
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