Home / Knowledge / News / Textiles / Textile revival fund finally sees light of day
Textile revival fund finally sees light of day
31
Dec '09
After five years of dithering, ever since the textile revival fund was announced, the N100 billion revival fund has finally seen light of the day, after the government affirmed that the fund will now be available to the capital starved textile sector.

The government has informed stake holders in the textile industry to contact the Bank of Industry (BoI), which has been appointed as the nodal agency to distribute the funds to the depressed textile industry.

Policy guidelines of the scheme titled, 'Cotton, Textiles and Garment (CTG) Industry Revival Scheme' would be published early next year, on the procedures to be followed by applicants who wish to access funds under the scheme.

The scheme will facilitate access to long-term funds at reasonable interest rates and the beneficiaries of the scheme will include cotton and MMF fibre producers, ginneries, spinning, weaving and fabric processing mills and apparel manufacturers.

The government also assured the stakeholders that, it would scale up the fight against smuggling of counterfeit textile products and increase power generation and distribution to the textile and allied sectors.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 28th Mar 2017

India may impose duty on elastomeric filament yarn

The Government of India is likely to impose anti-dumping duty on...

Courtesy: Lee Cooper

Apparel/Garments | On 28th Mar 2017

CCI clears FLFL proposal to divest Lee Cooper

The Competition Commission (CCI) of India has approved the proposal...

Textiles | On 28th Mar 2017

Bardoli CEFC to benefit south Gujarat MSMEs

India’s first common engineering facility centre (CEFC) at Bardoli,...

Interviews View All

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Poojaa Kumar Deepak
Zeven

Zeven's performance sports apparel is designed for the Indian body type,...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Kai Poehler
Voith Paper GmbH & Co. KG

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

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

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
March 2017

March 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