The first category will be Apparel, Garment and Technical Textiles, where 15 per cent subsidy would be provided on capital investment, subject to a ceiling of Rs 30 cr for entrepreneurs over a period of five years.
The second category will be for the remaining sub-sectors which would be eligible for subsidy at a rate of 10 per cent, subject to a ceiling of Rs.20 cr on similar lines.
The Technology Upgradation Fund Scheme was introduced by the Government in 1999 to facilitate new and appropriate technology for making the textile industry globally competitive and to reduce the capital cost for the textile industry.
The scheme was earlier amended for continuation during the 12th Plan. (SH)
Fibre2Fashion News Desk - India
Apparel/Garments | On 25th Jun 2017
Adobe has released its first Digital Price Index for apparels,...
Textiles | On 25th Jun 2017
First Insight, a technology company transforming how retailers make...
Vidhyaa Shankar. S
A Ganapathi Chettiar
'The usage of knits is getting into the boundaries of woven fabrics'
Varinder Singh Jawanda
Sizing and fitting issues are inherent problems for companies expanding...
Orange O Tec
Contemporary industry is paying more and more attention to the...
Biovation II LLC
Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...
Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...
Technical Absorbents Ltd
Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...
Somaiya Kala Vidya
Among the many honours showered on Frater, including Fulbright and Ford...
Golfwear and menswear brand Devereux is set for greener pastures. Robert...
Bridal couture created with rich Indian heritage, exquisite craftsmanship...
Textiles | On 24th Jun 2017