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Apparel and Textile News Apparel Brands and Companies Ministry of Textiles News

High Expectations In Union Budget From Textile Industry

The textiles industry is eagerly awaiting Union Budget 2015 as it is likely to unveil several new schemes and benefits for the industry. Introduction of GST, extension of TUFS, reduction of interest rates, taxation benefits, and investments in innovation and infrastructure are few of the many demands from the industry for the ensuing budget. Expectations […]

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February 23, 2015
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Apparel and Textile News Apparel Brands and Companies

Pearl Global Expands Capacity In South

Apparel manufacturer and exporter, Pearl Global Industries Limited (PGIL) is undertaking capacity expansion in South India at a total investment of around Rs 17-20 crore, funded through internal accruals and a TUFS loan. PGIL plans to install 450 new machines in Bangalore, thereby adding capacity of 150,000 garment pieces per month. Of these, 250 machines […]

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January 20, 2015
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Apparel and Textile News Ministry of Textiles News

TEA Presents Pre Budget Memorandum To FM In Delhi

Tirupur Exporters Association (TEA), President Mr. A. Sakthivel today participated in the Pre- Budget Consultations meeting hosted by union finance minister, Mr. Arun Jaitley in New Delhi. Mr. Sakthivel submitted there a memorandum containing three major issues related to textile, hosiery and garment sectors for the attention of the Finance and other ministries. The issues […]

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January 6, 2015
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Apparel and Textile News Ministry of Textiles News

Measure to Compete Handloom and Powerloom Sectors Globally

Textile minister, Mr. Santosh Kumar Gangwar said that the minister of textile had made the following provisions under Revised Restructured TUFS made on 4.10.2013 during the Twelfth Five Year Plan period, to enable handloom and powerloom sectors to compete globally:- Handlooms Sector: i. 5% Interest reimbursement (IR) or 30% capital subsidy on benchmarked machinery. ii. Investments like […]

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November 28, 2014
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Apparel and Textile News Ministry of Textiles News

Memorandum to Protect Livelihood of Jute Farmers

All India Kisan Sabha in a memorandum has requested the government to protect the lives and livelihood of millions of jute farmers and jute mill workers. The sabha demanded mandatory 100 per cent usage of jute bags for transport and packaging of foodgrains and sugar, ban use of synthetic bags with strong deterrent action against violators, […]

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November 28, 2014
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India garment And Apparel Manufacturing Gartex Texprocess Mumbai

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Tag: TUFS

High Expectations In Union Budget From Textile Industry

Pearl Global Expands Capacity In South

TEA Presents Pre Budget Memorandum To FM In Delhi

Measure to Compete Handloom and Powerloom Sectors Globally

Memorandum to Protect Livelihood of Jute Farmers