New ATUFS to benefit textile industry

Related Keywords: Amended Technology Upgradation Fund Scheme, attract investment, benefit textile industry, better quality in processing industry, better technology looms, boost Make in India initiatives, Cabinet Committee on Economic Affairs, export, introduction of ATUFS, promotion of technical textiles, replace existing RR TUFS, targets employment generation

Coimbatore
New ATUFS to benefit textile industry
Summary: 
The Cabinet Committee on Economic Affairs on Wednesday gave nod to the introduction of “Amended Technology Upgradation Fund Scheme (ATUFS)” which will replace the existing Revised Restructured Technology Upgradation Funds Scheme (RR-TUFS) for technology upgradation of the textile industry.

The Cabinet Committee on Economic Affairs on Wednesday gave nod to the introduction of “Amended Technology Upgradation Fund Scheme (ATUFS)” which will replace the existing Revised Restructured Technology Upgradation Funds Scheme (RR-TUFS) for technology upgradation of the textile industry.

A budget provision of Rs 17822 cr has been approved of which Rs 12671 cr is for committed liabilities under the ongoing scheme and Rs 5151 cr for new cases under ATUFS.

http://www.thehindubusinessline.com/companies/textile-industry-welcomes-introduction-of-atufs/article8045611.ece
0

Focus of Maharashtra’s new textile policy on generating employment

Related Keywords: address issue of high electricity tariff, at a single point, cotton to garment manufactuing, export, generate huge revenue, generate employment, long term strategy, Make in India, Make in Maharashtra, new textile policy, set up textile units, State Textile Minister Chandrakant Patil, Textile parks

Mumbai
Focus of Maharashtra’s new textile policy on generating employment
Summary: 
State Textile Minister Chandrakant Patil told the Legislative Assembly that the new textile policy would be unveiled soon that will address issues of high electricity tariff and also include measures such as cotton-to-garment-manufacturing at a single point for setting up textile units.

State Textile Minister Chandrakant Patil told the Legislative Assembly that the new textile policy would be unveiled soon that will address issues of high electricity tariff and also include measures such as cotton-to-garment-manufacturing at a single point for setting up textile units.

The focus of new textile policy would be also on setting up textile parks in Vidarbha and Marathwada. It's not only expected to reduce farmer suicides but also generate employment.

http://www.moneycontrol.com/news/economy/maha-govt-to-bring-out-new-textile-policy-soon_1342204.html
0

Govt plans to set up readymade garment units in each of the eight northeast states

Related Keywords: Apparel and Garment Unit, boost textile industry, demand for garment, eight northeastern states, export, Indian government, National Building Constructions Corp, readymade garment manufacturing units, Tripura handloom and handicrafts

Agartala
Govt plans to set up readymade garment units in each of the eight northeast stat
Summary: 
The Indian government plans to set up ready-made garment manufacturing units in each of the eight northeastern states to boost the textile industry in and export of ready made garments from the region, which would also boost local employment, particularly for women. The government-run National Building Constructions Corp would set up the units in Assam, Arunachal Pradesh, Manipur, Meghalaya, Nagaland, Mizoram, Sikkim and Tripura.

The Indian government plans to set up ready-made garment manufacturing units in each of the eight northeastern states to boost the textile industry in and export of ready made garments from the region, which would also boost local employment, particularly for women. The government-run National Building Constructions Corp would set up the units in Assam, Arunachal Pradesh, Manipur, Meghalaya, Nagaland, Mizoram, Sikkim and Tripura.

http://www.daijiworld.com/news/news_disp.asp?n_id=306659
0

PH can now export 6200 tariff lines includes textiles

Related Keywords: 200 tariff lines, EU, European Parliament, European Union's GSP, export, export 6, General System of Preferences Plus, GSP plus, manufacturing sector, PCCI, Philippines, Textiles, zero duty

Manila
PH can now export 6200 tariff lines includes textiles
Summary: 
The Philippines already enjoyed benefits from the European Union's GSP, wherein 2,442 products out of 6,209 are subject to zero duty while the rest have lower tariffs. But with the European Parliament completing the process to grant the Philippines request for inclusion in the European Union’s (EU) General System of Preferences Plus (GSP+). The Philippines can now export 6,200 tariff lines, including textiles.

The Philippines already enjoyed benefits from the European Union's GSP, wherein 2,442 products out of 6,209 are subject to zero duty while the rest have lower tariffs. But with the European Parliament completing the process to grant the Philippines request for inclusion in the European Union’s (EU) General System of Preferences Plus (GSP+). The Philippines can now export 6,200 tariff lines, including textiles

http://www.rappler.com/business/economy-watch/78442-eu-grants-ph-bid-zero-duty-export
0

ICCI urges government to focus on expanding trade relations with Japan

Related Keywords: export, ICCI, incentive, Islamabad Chamber of Commerce & Industry, Japan, Japanese investor, Pakistan trade, Special Economic Zone, Textile City

Islamabad
ICCI urges government to focus on  expanding trade relations with Japan
Summary: 
Pakistan’s trade with Japan has been on a declining trend for the last few months, which is not good for the country as the result Islamabad Chamber of Commerce & Industry (ICCI) has called upon the government to give priority to promoting trade with Japan.

Pakistan’s trade with Japan has been on a declining trend for the last few months, which is not good for the country as the result Islamabad Chamber of Commerce & Industry (ICCI) has called upon the government to give priority to promoting trade with Japan.
 

http://www.nation.com.pk/business/12-Aug-2014/icci-for-expanding-trade-exports-with-japan
0

Textile policy to focus on opening out export market horizons

Related Keywords: cabinet approval, export, FDI, law labour, market diversification, National textile policy, textile business, traditional products

New Delhi
Textile policy to focus on opening out export market horizons
Summary: 
The National Textile Policy is drafted with an aim to grab one-fifth of global textile business and increase export to $300 billion in the next decade will be placed before the Cabinet for approval after weaving in relevant comments from other Ministries and interest groups

The National Textile Policy is drafted with an aim to grab one-fifth of global textile business and increase export to $300 billion in the next decade will be placed before the Cabinet for approval after weaving in relevant comments from other Ministries and interest groups.
 

http://www.thehindubusinessline.com/economy/policy/textile-policy-to-focus-on-new-export-markets/article6281108.ece
0

Textile production picking up alongside 29 textile industries faced closure in 2 yrs in India

Related Keywords: 29 textile industries, closure, cotton textile industries, export, Indian textile sector, man-made fiber textile industries, overall growth, policy and schemes, production, textile item

New Delhi
Textile production picking up alongside 29 textile industries faced closure in 2
Summary: 
The Indian textile sector although has witnessed overall growth in terms of production of textile items and export during the year 2012-13, 2013-14 and 2014-15 (Apr-May). In the last two year about 29 cotton textile industries have closed in India.

The Indian textile sector although has witnessed overall growth in terms of production of textile items and export during the year 2012-13, 2013-14 and 2014-15 (Apr-May). In the last two year about 29 cotton textile industries have closed in India.
 
As per available information, 29 cotton/man-made fibre textile industries were closed in India during last two years and current year as on 31.05.2014, said India’s junior minister of Textiles Santosh Kumar Gangwar while speaking to the lawmakers in Rajya Sabha, upper house of Indian parliament.

http://www.nationalturk.com/en/29-textile-industries-closed-in-india-in-2-yrs-52809
0

Indian apparel sector craving for speedy finalisation of India-EU FTA

Related Keywords: export, FTA market, import, India International Garment Fair, India-EU Free Trade Agreement, Indian clothing sector

New Delhi
Summary: 
India's clothing exports to the FTA countries having increased significantly after signing of the FTA/PTA (Preferential Trade) agreements. The apparel sector are now pushing for expeditious finalization of India-EU Free Trade Agreement, to enable better market access that is already enjoyed by Bangladesh, Vietnam and Cambodia. Indian exporters total outbound shipments stood at USD 15.7 billion last year.

India's clothing exports to the FTA countries having increased significantly after signing of the FTA/PTA (Preferential Trade) agreements. The apparel sector are now pushing for expeditious finalization of India-EU Free Trade Agreement, to enable better market access that is already enjoyed by Bangladesh, Vietnam and Cambodia. Indian exporters total outbound shipments stood at USD 15.7 billion last year.
 

http://www.business-standard.com/article/companies/apparel-exporters-seeks-expeditious-finalisation-of-india-eu-fta-114071400419_1.html
0

U.S. apparel import growth slowed concomitantly export picked up in May

Related Keywords: apparel import, export, US apparel

USA
U.S. apparel import growth slowed concomitantly export picked up in May
Summary: 
U.S. apparel imports witnessed drop in May compared to the same month last year, after surging 2.2% in April, total apparel imports (on a CIF basis) were $6.7 billion in May, a 2.4% drop from May 2013’s $6.8 billion. But in June, apparel imports are expected to have surged due to fears of an impending dockworker strike in California, so they expect to see a turnaround of this trend next month, according to data released by the U.S. Department of Commerce.

U.S. apparel imports witnessed drop in May compared to the same month last year, after surging 2.2% in April, total apparel imports (on a CIF basis) were $6.7 billion in May, a 2.4% drop from May 2013’s $6.8 billion. But in June, apparel imports are expected to have surged due to fears of an impending dockworker strike in California, so they expect to see a turnaround of this trend next month, according to data released by the U.S. Department of Commerce.

https://www.sourcingjournalonline.com/u-s-apparel-imports-fall-exports-rise-in-may/
0

Bulk consumption of US textile exports seen in Mexico and Canada

Related Keywords: apparel, Canada, export, fabric, garment, Mexico, textile mill product, US department of commerce, US textile, yarn

USA
Bulk consumption of US textile exports seen in Mexico and Canada
Summary: 
In recent years, the US textile and clothing exports have been growing at a steady pace. A big leap in US textile exports was seen from January to April 2014, during this period they exported textile and apparel worth US$7.857B, growth rate of 2.64 percent year-on-year.

In recent years, the US textile and clothing exports have been growing at a steady pace. A big leap in US textile exports was seen from January to April 2014, during this period they exported textile and apparel worth US$7.857B, growth rate of 2.64 percent year-on-year. Mexico and Canada were to two countries who consumed bulk of textile and apparel exports made by the US.

http://www.textileweb.com/doc/mexico-and-canada-consume-bulk-of-us-textile-exports-0001
0
 
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