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Power incentive scheme for small powerlooms
The Union Textile Ministry has recently announced Solar Energy Scheme for small powerloom units, by which the Indian Government will provide Rs 2.50 lakh subsidy per unit.
MMF: Daring to fly higher!
For the man-made fibre industry (MMF) in India, its disgruntlement is turning into unceasing aggression. The reasons are many: China exports 65 per cent of manmade textiles out of its exports of $650 billion while India´s share of manmade textiles is hardly 20 per cent out of its exports of $40 billion.
$64 bn export by 2017 | An Uphill Task?
Severe competition on global level and lack of initiatives and direction on the domestic front have made a dent in India´s textile exports with a dip in figures for FY 2014-15, diminishing the scope of achieving the cherished goals. S Joseph & M Karthik take an overall look at the scene.
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