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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.
Cotton demand to pick up
Cotton yarn production in India continued to remain sluggish during the 2017-18 registering only a marginal growth of about 0.1 per cent YoY after declining by about 2 per cent during the same period last year.
"There is strong need for R&D in technical textiles"
AUTOTECH Nonwovens was set up in 2012 recognising the need for a focused high quality nonwovens producer in India. AUTOTECH Nonwovens is one of the leading manufacturers of nonwoven fabrics for the automotive industry in India. AUTOTECH has carved a niche for itself as a manufacturer of choice for needlepunched nonwovens in India.
Ankit Desai, Director, AUTOTECH Nonwovens, speaks to ITJ’s Sr Sub Editor Karthik Muthuveeran on the market for nonwovens in India, and its prospects and problems.
Dashmesh: A leader in weaving machines
Dashmesh Jacquard & Powerloom is one of the leading and registered manufacturers, suppliers eligible under TUFS for weaving and allied machinery like looms, jacquards, warping and winding machine. The company has been serving the nation since 1979 having exceptional record of success and overwhelming textile engineering industry share.
Innospin ring travellers with Korean tie-up
Gurgaon-based, A M Innospin Systems Pvt Ltd has its manufacturing base at Faridabad which is very well known as the manufacturing hub for precision automotive parts. The company has grown into a multi-activity organisation with the background of textile technologists having vast experience at various levels in the industry. The company specializes in spinning and material handling.
The 10th edition of India-ITME is opening on a note of high expectations! The Indian Government´s recent Rs.6,000-cr package & amended TUFS have rekindled exhibitor interest while high-tech wares promise to ignite buyer zest. A cross-section of the textile industry players shares their moods & opinions.
Textile investment ahead: A boom or bust or just so-so?
India is one of the fastest growing and promising economies today on the world map. With huge raw material availability and with stable Government, rapid industrial growth is forecasted in near future. Today, textile sector is one of the largest contributors to India´s exports with approximately 11 per cent of total exports.
Textile package to be implemented in 3 months
The fiscal incentives in the package, which is expected to cost the ex-chequer an estimated Rs 6,000 crore, include enhanced duty drawback coverage with refund of State levies not being compensated so far, additional funding under the Technology Upgradation Fund Scheme (TUFS) and enhanced scope of income tax exemption under Section 80JJAA of the Income Tax Act.
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