On November 11, 2020, The Union Cabinet gave its approval to extend the production-linked incentive (PLI) scheme to textile products along with nine other new sectors entailing an additional financial outlay of Rs 1460 billion over a 5-year period.
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Ashwin Chandran, Chairman, The Southern India Mills’ Association (SIMA) has thanked the Prime Minister and Union Textile Minister for including textile industry and allocating budget for improving manufacturing capabilities and boosting exports.
Delivering the Key Note Address at the 62nd Annual General Meeting (AGM) of Confederation of Indian Textile Industry (CITI), the apex industry body representing the entire textile value chain in the country, Ravi Capoor, IAS, Secretary, Ministry of Textiles, advised the stakeholders to focus on value added MMF segment, technical textiles, scale of operation and indigenous textile machinery manufacturing facilities to make Indian textiles and clothing industry globally competitive and grab the post-Covid-19 opportunities.
Palamu administration is in touch with Carpet Export Promotion Council (CEPC), a body which is attached to the Ministry of Textiles Government of India and acts as a major player in marketing of the carpets made in India, to set up handmade carpet weaving units in Jharkhand.
The members of Council of Administration NITRA had virtually met in the 44th AGM held on September 25, 2020 and elected its new leadership team for 2020-21. Dinesh Nolkha, Managing Director, Nitin Spinners is elected as the new Chairman of NITRA.
The French Textile Equipment manufacturers’ Association, well known as UCMTF, as elected a new President following the retirement of Bruno Ameline who has chaired the association since 2004.
Chandresh H Shah of Executive Director of Krsna Engimech has been elected as the president of the Indian Textile Accessories and Machinery Manufacturers Association (ITAMMA).