Home / Knowledge / News / Apparel/Garments / India's AEPC seeks fund release for KTM project in Tirupur
India's AEPC seeks fund release for KTM project in Tirupur
28
Sep '13
The Apparel Export Promotion Council of India (AEPC), the country’s apex body for apparel export promotion, has sought immediate release of Rs. 182.4 million from the Textiles Ministry for the Knitwear Technology Mission (KTM) project in the Tirupur district of the Indian state of Tamil Nadu.
 
AEPC chairman A Sakthivel has appealed to the Textiles Minister K Sambasiva Rao to release the sum before September 30, 2013, to avoid lapses, reports The Hindu Business Line.
 
Mr. Sakthivel said the AEPC was granted Rs. 50 million during the first phase of the KTM project for procurement of equipments and machines, of which the apex body utilized around Rs. 10 million and returned the remaining amount to the Ministry.
 
The AEPC has already procured the land and constructed classrooms as well as laboratories, and to set up the garment section, knitwear and embroidery machines, design studio, establishment cost, project management and operation costs, and the council requires financial support of Rs. 182.4 million, he added.
 
The project aims to develop synthetic knitwear sector in India, including initiating product development and providing training opportunities for workers in the sector.
 
The KTM project was launched in Tirupur in 2008, with the objective of helping the export community in the knitwear sector to develop wider range of products from different kinds of fabrics in order to gain access to a larger market.
 

Fibre2fashion News Desk - India

Must ReadView All

Apparel/Garments | On 24th Feb 2017

Q4FY17 EPS dips 11% at apparel retailer Macy’s

For the thirteen weeks period ended January 28, 2017, earning per...

Textiles | On 24th Feb 2017

Net income slips at Westlake Chemicals in Q4

For the three months ended December 31, 2016, net income at US...

Apparel/Garments | On 23rd Feb 2017

NAFTA renegotiation puts Mexico-US jeans trade at risk

The almost imminent renegotiation of the North America Free Trade...

Interviews View All

Shiladitya K Joshi
Truetzschler India Private Limited

India ITME provides a platform to interact with our stakeholders

Janak Dhamanwala & Sunil Dhamanwala
Jansun

Moving towards sustainability is also a social change

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
February 2017

February 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search