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Apparel and Textile News

Various Initiatives by Textile Ministry this Year

Among many initiatives in 2016, the Indian government announced the ,006 crore special package for the apparel sector and amended the Technology Upgradation Fund Scheme (TUFS). However, the textiles ministry is yet to announce the much awaited National Textiles Policy, which is expected to boost prospects of the textile and apparel sector. The special package for the apparel industry seeks to create one crore new jobs in three years, while…
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Apparel and Textile News

Govt Approves A-TUFS for Textile Industry

The government has approved the ‘Amended Technology Upgradation Fund Scheme (A-TUFS)’ in place of ‘Revised Restructured Technology Up-gradation Fund Scheme (RRTUFS)’ for technology up-gradation of the textile industry with one time capital subsidy for eligible bench-marked machinery for a period of seven years from 2015-16 to 2021-22, informed by the textiles minister, Smriti Irani in a written reply to Rajya Sabha. The ministry has also notified the ‘Scheme for Production…
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Apparel and Textile News

SGCCI Seeks Subsidy under A-TUFS

Powerloom weavers affiliated to the Southern Gujarat Chamber of Commerce and Industry (SGCCI) have submitted a memorandum to textile commissioner Kavita Gupta demanding restoration of 30 per cent subsidy in the Amended Technology Upgradation Fund Scheme (A-TUFS) to ensure that the Make in India initiative is a success. Powerloom weavers in the country's largest man-made fabric (MMF) hub in Surat have been unhappy with A-TUFS announced by the textiles ministry…
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