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Powerloom
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Tamil Nadu to Reduce Vat on Raw Cotton and Cotton Yarn Cones From 5% to 2%
Mar 31, 2015The textile industry of Tamil Nadu has appealed the state government to reduce VAT on raw cotton and cotton yarn cones from 5 per cent to 2 per cent which would be on par with the 2 per cent CST. According to a SIMA press release, the ...
Tags: Cotton Yarn, textile industry
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Textile Sector Seeking Two Years Time to Fulfill Export Obligation Under The EPCG
Jan 5, 2015A joint memorandum has been submitted to the Union Commerce Minister, Nirmala Sitharaman by various Indian textile associations, seeking additional two years time to fulfill export obligation under the export promotion capital goods (EPCG) ...
Tags: textile associations, Textile
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Ministry of Textiles Has Accepted The Report of The Sub-Committee Constituted
Dec 8, 2014The Ministry of Textiles, Government of India, has accepted the report of the sub-committee constituted to examine the issue of change of definition of handloom, Santosh Kumar Gangwar, Minister of State (Independent Charge) in the Ministry ...
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India Has Overachieved It Targets Set for Textile Exports
Dec 3, 2014For each of the three preceding fiscal years, India has overachieved it targets set for textile exports, Minister of Textiles, Santosh Kumar Gangwar said in a written reply to the Rajya Sabha. In fiscal year 2011-12, India exported ...
Tags: textile exports, Textile
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Powerloom Is Seeking Re-Introduction of Duty Drawback Scheme
Nov 28, 2014The powerloom industry is seeking re-introduction of duty drawback scheme so as to involve more units in export of textiles. “Powerloom sector is facing lot of problems and so we need some relief,” M Duraisamy, who took over ...
Tags: Re-Introduction, Duty Drawback, Textile
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India to Launch a Venture Capital Fund to Provide Equity to Start-up Entrepreneurs
Sep 26, 2014The Government of India, Ministry of Textiles, will soon launch a venture capital (VC) fund to provide equity to start-up entrepreneurs, Santosh Kumar Gangwar, Minister of State (Independent Charge) for Textiles, said at the annual ...
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Indian Government has approved setting up of 13 textile parks
Sep 22, 2014The Ministry of Textiles, Government of India, has approved setting up of 13 textile parks, which will involve a minimum investment of Rs. 1 billion each. Speaking at a book-launching event in New Delhi, Minister of State ...
Tags: Textiles, Ministry of Textiles
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The Maximum Number of Approvals Under The TUFS for The Textile Sector
Aug 13, 2014The maximum number of approvals under the Technology Upgradation Fund Scheme (TUFS) for the textile sector is from the Western state of Gujarat, Textile Commissioner Kiran Soni Gupta has revealed. Addressing a meeting of stakeholders ...
Tags: Gujarat, Apparel, Accessories
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Indian Handloom Sector Has Been Experiencing Negative Growth
May 14, 2014Indian handloom sector has been experiencing negative growth which is a cause of serious concern, said Textiles Secretary Zohra Chatterji, during the recently held Buyer-Seller Meet for handloom products in Mumbai, reports the Hindu ...
Tags: Handloom sector, exquisite weaving
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CCEA Approved The Continuation of MGPS
Jan 13, 2014The Cabinet Committee on Economic Affairs (CCEA) has approved the continuation of the Mill Gate Price Scheme (MGPS), along with 10 percent subsidy component with modifications. The scheme is now renamed as the Yarn Supply Scheme (YSS). ...
Tags: yarn prices, Textile
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Indian Weavers to Hold 'Banashankari Yatra' Against The Mechanization of Handlooms
Jan 7, 2014Handloom weavers in India, under the banner of the All-India Federation of Handloom Organizations, will hold ‘Banashankari yatra’ against the mechanization of handlooms in the country. Speaking at a press conference, P ...
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Indian Govt Has Set a Target of Modernizing 2.3 Million Powerlooms ; Textiles Minister
Dec 27, 2013The Government of India has set a target of modernizing 2.3 million powerlooms in the next few years, Textiles Minister K Sambasiva Rao said after inaugurating a powerloom modernization project at Sircilla in Karimnagar district of Andhra ...
Tags: Indian Govt, Powerlooms
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Rajasthan Is Expecting About RS. 100 Billion New Investments Over The Next Seven Years
Oct 8, 2013The textile industry in western Indian state of Rajasthan is expecting about Rs. 100 billion new investments over the next seven years, due to the state government’s recent announcement of ‘Special Customized Package for ...
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CCEA Has Given Its Approval for Cluster Development Scheme for Powerlooms
Sep 21, 2013India's Cabinet Committee on Economic Affairs (CCEA) has given its approval for continuation of Comprehensive Powerloom Cluster Development Scheme (CPCDS), a Central Sector Plan Scheme, during the 12th Five-Year Plan. The modified scheme ...
Tags: Textile
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1858 Domestic Events in The Handloom Sector and 666 Handicrafts Exhibitions Were Organised
Aug 27, 2013A total of 1858 domestic events in the Handloom Sector and 666 handicrafts exhibitions were organised in the country including in backward areas during the last three years. During the current year (up to July, 2013), 242 domestic events ...
Tags: Handloom, Handicraft