The Amended Technology Upgradation Fund Scheme (A-TUFS), which has come as a breather to the crisis-ridden textile industry, is expected to spur investment to the tune of $15 billion.
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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.
Through our extensive market research, we have understood the demand of technical textile products in developed countries have reached to stagnancy level now and market is shifting to developing counties, says Avinash Mayekar, MD & CEO of Suvin Advisors Pvt Ltd, in an interview with the ITJ.
Incorporated in 1993 by Naresh Bhandari, Bhandari Hosiery Exports Limited (BHEL) is a garment manufacturing company having vertical production facility to produce high-fashion knitted garments.
The expectation from the new government in the centre was very high. However the situations at the ground level did not alter much. The government´s attention was concentrated on macro issues. This could not lift the morale of the industry.
The expectation from the new government in the centre was very high. However the situations at the ground level did not alter much. The government´s attention was concentrated on macro issues. This could not lift the morale of the industry.
TUFS, when launched in 1999, had an objective to grow India´s iconic textile industry and to a certain stage it did achieve that purpose.