Home / Knowledge / News / Textiles / Himachal receives Rs. 758.3mn central capital investment subsidy
Himachal receives Rs. 758.3mn central capital investment subsidy
Jul '11
Under the Central Capital Investment Subsidy Scheme 2003, the Union Government has released Rs. 758.3 million for the current fiscal year for Himachal Pradesh industrial units.

This was disclosed by Himachal Pradesh Industry Minister Kishan Kapoor after a meeting with the Union Commerce and Industry Minister Anand Sharma.

Mr. Kapoor said that the sum has already been given to the Himachal Pradesh State Industrial Development Corporation, Shimla, which has been appointed as a nodal agency for distribution of subsidy or incentives to local industrial units, which qualify under the Central Government's Scheme.

He revealed that a Central delegation will shortly pay a visit to Himachal Pradesh to review the possibilities of resumption of Nurpur Silk Mills, with an aim to strengthen the silk industries in the State.

He urged the Union Minister to provide facilities for marketing of State's handloom and handicraft items in national as well as overseas markets.

There has been a considerable rise in demand for handloom and handicraft items over the past few years and hence the State should be provided with incentives and facilities to enable its industries to take advantage of this market, he said.

This would not only help fortify the grass-root level economy but would even help in generating newer job opportunities for village level artisans and skilled workers, he added.

Fibre2fashion News Desk - India

Must ReadView All

Indian govt relaxes cabotage rule for cotton transport

Textiles | On 25th May 2018

Indian govt relaxes cabotage rule for cotton transport

The Government of India has relaxed cabotage rules for transportation ...

Courtesy: Teejay Lanka

Textiles | On 25th May 2018

Teejay Lanka doubles production capacity at Indian mill

Teejay Lanka, one of Sri Lanka’s largest textile manufacturers, has...

Courtesy: Messe Frankfurt/Yarn Expo Autumn edition

Textiles | On 25th May 2018

Yarn Expo Autumn 2018 scheduled earlier

Over 500 exhibitors are expected at the Yarn Expo Autumn 2018, being...

Interviews View All

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

DK Sharma
Velocity Apparelz

We constantly communicate with employees at all levels

Rajat Jaipuria

Activewear brand Soul Space promotes organic cotton farming and...

Apurva Kothari

No Nasties was the first fashion brand in India to make 100 per cent...

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Robert Brunner

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Pranav Mishra

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

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

May 2018

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

news category

Related Categories:

Advanced Search