Maharashtra government to introduce textile policy in two months

Related Keywords: apart from the Centre's textile package, attract investment, attract textile entrepreneurs, avert existing unit, entire value chain, introduced own textile policies, Maharashtra government, Major Cotton growing states, migrating to other major cotton growing states, new textile policy, other incentives, plans to introduce, TUFS

Mumbai
Maharashtra government to introduce textile policy in two months
Summary: 
Major Cotton growing states have introduced their own textile policies apart from the Centre's textile package, the technology upgradation fund scheme and other incentives, to attract investment. Maharashtra government to attract textile entrepreneurs in the entire value chain and also to avert the existing unit from migrating to other major cotton growing states is planning to introduce a new textile policy in next two months.

Major Cotton growing states have introduced their own textile policies apart from the Centre's textile package, the technology upgradation fund scheme and other incentives, to attract investment. Maharashtra government to attract textile entrepreneurs in the entire value chain and also to avert the existing unit from migrating to other major cotton growing states is planning to introduce a new textile policy in next two months.

http://www.business-standard.com/article/economy-policy/maharashtra-government-to-introduce-textile-policy-in-two-months-118011500658_1.html
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Under the SITP scheme 24 textile parks sanctioned in last 2 years

Related Keywords: apparel and garment units in north eastern states, CCI, cotton grower, development of infrastructure, generated employment, handloom brand, handloom sector, MSP, sanctioned twenty four textile parks, Santosh Gangwar, SITP scheme, skilled workforce, Textile Industry, textile ministry performance, textile projects, TUFS, Union Textile Minister

New Delhi
Under the SITP scheme 24 textile parks sanctioned in last 2 years
Summary: 
Union Textiles Minister Santosh Gangwar on Friday at a press conference talking about the Textile Ministry’s performance in the past two years said that under the scheme for integrated textile parks (SITP) implemented to stimulate development of infrastructure, 24 new textile parks have been sanctioned in the last two years, facilitating investment of Rs 4,500 crore and generating employment for 66,000 people.

Union Textiles Minister Santosh Gangwar on Friday at a press conference talking about the Textile Ministry’s performance in the past two years said that under the scheme for integrated textile parks (SITP) implemented to stimulate development of infrastructure, 24 new textile parks have been sanctioned in the last two years, facilitating investment of Rs 4,500 crore and generating employment for 66,000 people.

http://www.financialexpress.com/article/india-news/%E2%80%8B24-textile-parks-sanctioned-in-2-
0

Launch of various schemes TUFS, SITP to strengthen country's textile sector

Related Keywords: generate employment opportunities for textile workers, increasing production of textiles garments, Integrated Skill development Scheme, launched various scheme, Ministry of textile, Santosh Kumar Gangwar, SITP, strengthen textile sector, TUFS, various policy interventions

New Delhi
Launch of various schemes TUFS, SITP to strengthen country's textile sector
Summary: 
Minister of State(Independent Charge) in the Ministry of Textiles Santosh Kumar Gangawar in a reply during question hour in the Lok Sabha informed today that government has launched Technology Upgradation Fund Scheme(TUFS), Schemes for the development of the Powerloom sector, Schemes for Technical textiles, Scheme for Integrated Textile Parks(SITP) and Integrated Skill Development Scheme.

Minister of State(Independent Charge) in the Ministry of Textiles Santosh Kumar Gangawar in a reply during question hour in the Lok Sabha informed today that government has launched Technology Upgradation Fund Scheme(TUFS), Schemes for the development of the Powerloom sector, Schemes for Technical textiles, Scheme for Integrated Textile Parks(SITP) and Integrated Skill Development Scheme.

He said that the production of textiles and garments was predominantly in the private sector. Therefore, the government does not prescribe targets for the textile and garment Industry.

http://news.webindia123.com/news/Articles/India/20160428/2847329.html
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Textile Ministry recommends corrective measures to boost textile exports

Related Keywords: consultation with industry stakeholders, export target to be missed, forging new FTAs, global markets, growth slowed down, Indian exporters facing turmoil, Indian textile and apparel exports, Ministry of Textiles, other ministires concerned, recommends corrective measures, to boost textile exports, TUFS, various internal and external factors

New Delhi
Textile Ministry recommends corrective measures to boost textile exports
Summary: 
In the last few months, India’s textile and apparel exports growth have slowed down on account of various internal and external factors (textile and garment exports rose 0.6% to almost $18 billion in the first half of the current fiscal from a year before). The textile and garment exports target of $47.5 billion for 2015-16 with a projected growth rate of almost 14% from a year before is all set to be missed. Indian exporters are facing turmoil in global markets for which the ministry of textiles has recommended corrective measures to other ministries concerned in consultation with industry stakeholders.

In the last few months, India’s textile and apparel exports growth have slowed down on account of various internal and external factors (textile and garment exports rose 0.6% to almost $18 billion in the first half of the current fiscal from a year before). The textile and garment exports target of $47.5 billion for 2015-16 with a projected growth rate of almost 14% from a year before is all set to be missed.

http://www.financialexpress.com/article/fe-columnist/record-cafe-we-need-ftas-for-boosting-textile-exports-says-santosh-kumar-gangwar/183265/
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Govt plan to replace interest subsidies with other forms for textile sector

Related Keywords: better transmission of the monetary policy, curbr distorting effect on the interest rate market, government planning to tweak, rationalise various dole out based schemes, replace interest subsidy with other forms, support like viability gap funding, Technology Upgradation Fund Scheme, TUFS, upfront capital subsidy

New Delhi
Govt plan to replace interest subsidies with other forms for  textile sector
Summary: 
The Technology Upgradation Fund Scheme (TUFS) was introduced to make available funds to the textile industry for upgrading technology at existing units as well as to set up new units with state-of-the-art facilities. The government is now planning to tweak the Technology Upgradation Fund Scheme (TUFS) in the textile sector and may end interest subsidy provided to mills against investments made by them, as it intends to rationalise various dole-out-based schemes.

The Technology Upgradation Fund Scheme (TUFS) was introduced to make available funds to the textile industry for upgrading technology at existing units as well as to set up new units with state-of-the-art facilities. The government is now planning to tweak the Technology Upgradation Fund Scheme (TUFS) in the textile sector and may end interest subsidy provided to mills against investments made by them, as it intends to rationalise various dole-out-based schemes.

http://www.financialexpress.com/article/industry/companies/interest-sop-to-textile-mills-may-end/147613/
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CITI sought additional allocation of funds under TUFS for spinning sector

Related Keywords: additional allocation of funds, CITI, Confederation of Indian Textile Industry, improve its competitiveness, spinning sector, Textile capital intensive industry, TUFS, under Technology Upgradation Fund Scheme, upgrade technology

Coimbatore
CITI sought additional allocation of funds under TUFS for spinning sector
Summary: 
The Confederation of Indian Textile Industry (CITI) on Friday sought additional allocation of around Rs.3,000 crore under the Technology Upgradation Fund Scheme (TUFS) stating unhealthy conditions faced by spinning sector.

The Confederation of Indian Textile Industry (CITI) on Friday sought additional allocation of around Rs.3,000 crore under the Technology Upgradation Fund Scheme (TUFS) stating unhealthy conditions faced by spinning sector.

The additional allocation will help clear the subsidy amount pending for earlier commitments from December 2014 to March 2015 under the TUFS scheme and also for new investments this year.

http://www.business-standard.com/article/pti-stories/spinning-sector-seeks-rs-3-000-cr-fund-under-tufs-115061201278_1.html
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Govt revises cotton output estimate to 39 mn bales for current marketing year

Related Keywords: Cotton Advisory Board, cotton corporation of India, cotton export, cotton growing states, Cotton production estimate, due to unseasonal rains, hail storms, MSP, revised for current marketing year, Santosh Gangwar, Textile Minister, TUFS

New Delhi
Govt revises cotton output estimate to 39 mn bales for current marketing year
Summary: 
The government has revised its cotton production estimate for the current marketing year due to unseasonal rains and hail storms across the county from 40 million bales to 39 million bales. Cotton crop prospects adversely impacted particularly in the central zone, textile minister Santosh Kumar Gangwar said in a written reply to the Lok Sabha. One bale equals 170 kg.

The government has revised its cotton production estimate for the current marketing year due to unseasonal rains and hail storms across the county from 40 million bales to 39 million bales. Cotton crop prospects adversely impacted particularly in the central zone, textile minister Santosh Kumar Gangwar said in a written reply to the Lok Sabha. One bale equals 170 kg.

The main cotton growing states include Rajasthan, Telengana, Andhra Pradesh, and Tamil Nadu. Total demand is estimated to be at 39 million bales in 2014-15, compared to 41.68 million bales in the previous season.

http://www.financialexpress.com/article/markets/commodities/govt-trims-cotton-output-forecast-to-39-mn-bales/66342/
0

Aptma urge for uninterrupted power supply to textile industry

Related Keywords: APTMA, DLTL, duty structure on MMF, exposed to euro, high cost of production, international market, Textile Industry, textile policy, TUFS, uninterrupted energy supply

Lahore
Aptma urge for uninterrupted power supply to textile industry
Summary: 
All Pakistan Textile Mills Association (APTMA) has urged the government to ensure uninterrupted energy supply ahead of summer to textile industry in Punjab having witnessed a decline of 13 percent month-on-month basis as per the overall exports data for February 2015.

All Pakistan Textile Mills Association (APTMA) has urged the government to ensure uninterrupted energy supply ahead of summer to textile industry in Punjab having witnessed a decline of 13 percent month-on-month basis as per the overall exports data for February 2015.

According to Aptma Chairman S M Tanveer, high cost of production is rendering textile industry uncompetitive in the international market place. Moreover, the competitors are being supported by government in terms of incentives, which is taking away Pakistan’ share in international market.

http://customstoday.com.pk/as-exports-see-13pc-decline-for-feb-2015-aptma-demands-uninterrupted-power-supply-industry/
0

Stakeholders asked to review the TUF scheme and submit their suggestions

Related Keywords: balanced growth, bring transparency to scheme, clothing sector, different segments of textile, Kiran Soni Gupta, Southern India Mills Association, Stakeholder to review scheme, streamline procedure, submit suggestions, Textile Commissioner, Textile mills, TUFS

Coimbatore
Stakeholders asked to review the TUF scheme and submit their suggestions
Summary: 
At a meeting organized on the TUFS by the Southern India Mills’ Association in Coimbatore on Monday, Textile Commissioner Kiran Soni Gupta said that the Ministry was looking at balanced growth of different segments of the textile and clothing sector and if there were modifications that were needed in the Technology Upgradation Fund Scheme (TUFS), the stakeholders should review the scheme and submit their suggestions. These could be taken up at the end of the XII Plan period.

At a meeting organized on the TUFS by the Southern India Mills’ Association in Coimbatore on Monday, Textile Commissioner Kiran Soni Gupta said that the Ministry was looking at balanced growth of different segments of the textile and clothing sector and if there were modifications that were needed in the Technology Upgradation Fund Scheme (TUFS), the stakeholders should review the scheme and submit their suggestions. These could be taken up at the end of the XII Plan period.

http://www.thehindu.com/news/cities/Coimbatore/textile-policy-expected-to-be-announced-soon/article6880662.ece
0

Indian textile mills awaiting government to release pending TUFS subsidy soon

Related Keywords: black out period, Cabinet Committee on Economic Affairs., Indian textile mills, inter-ministerial steering committee, investment for upgrading technology, subsidy, textile minister Santosh Kumar Gangwar, TUFS

New Delhi
Indian textile mills awaiting government to release pending TUFS subsidy soon
Summary: 
The Indian textile mills who had made investment for upgrading technology at their existing units as well as to set up new units with state-of-the-art facilities under the Technology Upgradation Fund Scheme (TUFS) more than three years back are looking for subsidy release now which according to them is worth Rs 2,500-3,000 crore.

The Indian textile mills who had made investment for upgrading technology at their existing units as well as to set up new units with state-of-the-art facilities under the Technology Upgradation Fund Scheme (TUFS) more than three years back are looking for subsidy release now which according to them is worth Rs 2,500-3,000 crore.

http://www.financialexpress.com/article/markets/commodities/textile-mills-awaiting-tufs-subsidy-release/36775/
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