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India mulls extending RoSCTL
India is mulling over extending the Rebate of State and Central Taxes and Levies (RoSCTL) for the garments and made-ups sector to other textile products because of the urgency to do away with the merchandise export incentive scheme (MEIS), which is against World
Brueckner finishing system saves over 10-times water needs: CEO
Many call Brueckner’s textile machinery as fascinating, agreeing to the catchphrase found on their website because as one Asian company bearing testimony to the machinery’s unique features says: “We achieve perfect dyeing results with our Brueckner thermosol line and this allows us to extend our production with high-quality products.
FIASWI urges govt to expedite TUF scheme
The Federation of Indian Art Silk Weaving Industry (FIASWI) has requested the ministry of textile to expedite financial assistance to weaving units in Surat under Technological Upgradation Fund Scheme (TUFS).
Clear TUFS dues: Texprocil
The Cotton Textiles Export Promotion Council (Texprocil) has urged the Government to disburse the committed support of about Rs 3,000 crore under Textile Upgradation Fund (TUF) scheme to help the industry tide over tough times.
SIMA hails Budget 2018-19
P Nataraj, Chairman of the Southern India Mills’ Association (SIMA) has welcomed the increased allocation of Rs 7,148 crore that includes Rs 2,300 crore for Amended Technology Upgradation Fund (TUF) scheme and the balance for other schemes as against Rs 6,251 crore allocated during last year.
Robust spinning segment raises machinery output
The production of the textile engineering industry (TEI) during 2016-17 recorded a nominal increase of 1 per cent to `6,650 crore as against `6,580 crore achieved during the previous year, mainly due the substantial increase in production of spinning machinery. Spinning machinery sector is expected to raise their production further during 2017-18.
SIMA hails made-ups export package
The Union Cabinet Chaired by the Prime Minister approved certain reforms to boost employment generation and exports in the made-ups sector that has been facing challenges in the international market due to high costs of production, non-refund of State levies, high tariff barrier when compared to the competing nations such as Pakistan, Vietnam, etc.
Gujarat marches ahead
Gujarat has performed remarkably well, achieving an 18 per cent growth over the past decade since 2004, through policy support from both the Centre and State government. Unlike several other states, entrepreneurs in Gujarat have the option of availing benefits from both the Centre and the State Government, allowing for additional benefits. The Centre’s Technology Upgradation Fund Scheme (TUFS), along with the state government’s policy, has helped entrepreneurs reap huge benefits in the sector.