Union Budget 2014-2015 intents to bring Acche Din for textiles

News Tags: budgetary allocation for textile, handloom sector, import duty on ethylene, import duty on propylene, readymade garment, Technology Upgradation Fund Scheme, Textile budget, textile clusters, Textile Minister, TUFS, Union budget 2014-15

Mumbai
Summary: 
The Narendra Modi government, which has sought 60 months from the Indian electorate to bring good days, in its first budget exuded its intent to kick start the investment cycle to nurse India's ailing economy back to good health.

The Narendra Modi government, which has sought 60 months from the Indian electorate to bring good days, in its first budget exuded its intent to kick start the investment cycle to nurse India's ailing economy back to good health. Coming amid high expectations from the textile and garment industry, the Finance Minister Arun Jaitley, in his maiden Union Budget 2014-15, charmed the industry participants with an array of encouraging proposals.

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Union Budget has a few for textiles, reduces import duty on feedstock

News Tags: budgetary allocation for textiles, import duty on ethylene, import duty on propylene, Union budget 2014-15, union budget and textile

Union Budget
Summary: 
The 2014-15 Union Budget presented to the Parliament on 10 July, proposes to set up a Trade Facilitation Centre and a Crafts Museum with an outlay of Rs 50 crore for the development and promotion of handloom products and carry forward the rich tradition of handlooms of Varanasi.
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Six more textile clusters to come up in India

News Tags: Hastkala Academy, Indian textile industry, pashmina production programme, textile clusters, Union budget 2014-15

New Delhi
Six more textile clusters to come up in India
Summary: 
Finance Minister Arun Jaitley while presenting the Union Budget 2014-15 on Thursday said that the government would be setting up six more textile clusters to develop and preserve textiles in India.

Finance Minister Arun Jaitley while presenting the Union Budget 2014-15 on Thursday said that the government would be setting up six more textile clusters to develop and preserve textiles in India.

The six textile clusters would be coming up in Rae Bareli, Lucknow, Surat, Kutch, Bhagalpur and in Tamil Nadu. For this purpose, the government has allocated Rs200 crore, Jaitley said while presenting the budget for 2014-15.

http://www.hindustantimes.com/specials/coverage/unionbudget2014/budgetandindustry/rs-200-crore-allocated-for-six-textile-clusters/sp-article10-1238825.aspx
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