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

Digital textile printing sector to grow by 20% by 2020

Textiles | On 18th Jun 2018

Digital textile printing sector to grow by 20% by 2020

The digital textile printing sector is expected to have a compound...

Courtesy: Hela Clothing

Apparel/Garments | On 18th Jun 2018

Hela's latest label revolves around underwear, sleepwear

The latest collection of Sri Lanka’s Hela Clothing is revolves mostly ...

Kenya levies higher duties on mitumba import

Apparel/Garments | On 18th Jun 2018

Kenya levies higher duties on mitumba import

Kenya’s treasury secretary Henry Rotich recently raised the duty on...

Interviews View All

Abhishek Samdaria
Reflete

GST will certainly reduce a lot of paperwork in future

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Top executives
Textile & apparel bodies

The mid-term review of FTP is progressive, growth oriented

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Akshat Chaudhary

Aizome, Asia's first Fairtrade denim brand, is all set to launch next...

Urmil Arya

Sushila International, a well established textile organisation established ...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Eric Scholler
Groz-Beckert

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

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth 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

Leave your Comments


June 2018

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

news category


Related Categories:

Advanced Search