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Tag: ATUFS

Powerloom Sector Support Strengthened Through GST, Schemes
Apparel and Textile News Ministry of Textiles News National News Trade Info News

Powerloom Sector Support Strengthened Through GST, Schemes

The last baseline survey for powerlooms, conducted in 2013, revealed the existence of approximately 24 lakh powerlooms, supporting a workforce of around 44 lakh individuals across the country. The State wise details of the number of Powerlooms and manpower as per the last baseline survey is enclosed below. In order to ensure an assessment of […]

Setting Up An International Market Hub To Promote The Textile Industry
Apparel and Textile News Ministry of Textiles News National News Trade Info News

Setting Up An International Market Hub To Promote The Textile Industry

The Ministry of Textiles approved various schemes and programmes to encourage and promote the textile industry such as PM Mega Integrated Textile Regions and Apparel (PM MITRA) Parks Scheme for world-class industrial infrastructure; Production Linked Incentive (PLI) Scheme for MMF Apparel, MMF Fabrics and Technical Textiles to boost large scale manufacturing and enhancing competitiveness; National […]

Job Creation In Textile Sector Strengthened By Government Measures
Apparel and Textile News Ministry of Textiles News National News Trade Info News

Job Creation In Textile Sector Strengthened By Government Measures

The textile industry is one of the largest sources of job creation and employment generation in the country, employing more than 45 million persons. The Government of India is implementing various schemes and initiatives aimed at generating job creation and employment opportunities in the textile sector, including rural and semi-urban areas. The major schemes/initiatives include […]

West Bengal to emerge as a major Textile Center soon: MCCI
Apparel and Textile News Ministry of Textiles News

West Bengal to emerge as a major Textile Center soon: MCCI

The seminar on ‘Recent Development in the Textile Industry: The Road Ahead’ held on 31st May, 2018 at The Oberoi Grand, Kolkata has opened the door of opportunities for some and provide a relief to apparel body representatives and traders as their problems were listened carefully by the Union Textile minister, Smriti Irani and promised […]

CITI chairman is despondent with the Budget 2018
Apparel and Textile News Apparel Brands and Companies

CITI chairman is despondent with the Budget 2018

The Confederation of Indian Textile Industry (CITI) chairman, Sanjay Jain on the other hand welcomes the Budget 2018 with a doubt. He feels a large part of the increase in allocation has gone to the state-owned Cotton Corporation of India (CCI) for performing minimum support price (MSP) operations and hence, won’t help the industry. Although the […]

Made-ups Textile Units to Get Additional 10% Subsidy
Apparel and Textile News Ministry of Textiles News

Made-ups Textile Units to Get Additional 10% Subsidy

Under the Amended Technology Upgradation Fund Scheme (ATUFS), Indian producers of madeups like blankets, curtains, crochet laces and bedsheets are now eligible for an additional 10 per cent Capital Investment Subsidy (CIS) of up to Rs.20 crore. The additional subsidy will be disbursed after a period of three years and is subject to a verification […]

SIMA For Inclusion Of Made-Ups In Special Package
Apparel and Textile News Trade Info News

SIMA For Inclusion Of Made-Ups In Special Package

The Southern India Mills’ Association (SIMA) has appealed to textiles minister Santosh Gangwar to include made-ups/home textiles segments also under the special package for textiles and garments sector announced on June 22. In a letter to the minister, SIMA chairman M. Senthilkumar said that the industry has been demanding the government to adopt “cut & […]

Process Of Settling Dues Related To TUFS Begins
Apparel and Textile News Ministry of Textiles News

Process Of Settling Dues Related To TUFS Begins

The centre initiated the process of settlement of Rs 3,000 crore dues related to some ‘blackout and left-out’ cases which found no mention in the Amended Technology Upgradation Fund Scheme (ATUFS) that has come as a big relief for textile sector. Confederation of Indian Textile Industry (CITI) secretary general Binoy Job said that the quantum […]

Small Mfgs Find No Benefit From ATUFS
Apparel and Textile News Trade Info News

Small Mfgs Find No Benefit From ATUFS

Small handloom and textile manufacturers are not happy with the Amended Technology Upgradation Fund Scheme (ATUFS) which, they said, could turn out to be disastrous for them and will only benefit big corporate houses. ATUFS was approved by the Cabinet Committee on Economic Affairs (CCEA) on December 30 to replace the Revised Restructured Technology Upgradation […]

CMAI Welcomes Amended TUFS
Apparel and Textile News Ministry of Textiles News Trade Info News

CMAI Welcomes Amended TUFS

The Clothing Manufacturers Association of India (CMAI) has welcomed the Amended Technology Upgradation Fund Scheme (ATUFS) that has been approved by the Cabinet Committee on Economic Affairs last week. In a Press Release, CMAI president Rahul Mehta, said Launching of the new scheme in place of the present Revised Restructured TUFS (RR-TUFS) is a relief […]

ATUFS To Help Investment In Textile Industry
Apparel and Textile News Ministry of Textiles News Trade Info News

ATUFS To Help Investment In Textile Industry

The Southern India Mills’ Association (SIMA) has thanked the Prime Minister for approving the Amended Technology Upgradation Fund Scheme (ATUFS). The Cabinet Committee on Economic Affairs (CCEA), chaired by the Prime Minister yesterday approved the introduction of “Amended Technology Upgradation Fund Scheme (ATUFS)” in place of the existing revised restructured TUF scheme with effect from […]

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