Home / Knowledge / News / Textiles / Textile traders decide to approach the Planning Commission
Textile traders decide to approach the Planning Commission
21
Jul '10
The Technology Upgradation Fund Scheme (TUFS) will most probably be announced during the first week of August; therefore, textile entrepreneurs and Federation of Indian Art Silk Weaving Industry (FIASWI) have decided to keep their demands and suggestions before the Planning Commission.

During a recently held meeting in New Delhi, early this week, textile entrepreneurs from the man-made fabric centre of Surat and FIASWI members informed that, the textile sector, especially the power loom segment is moving rapidly towards implementing modern machinery to surge their productivity and quality of fabrics.

TUFS however, is the only way to raise Upgradation in the textile segment and very important to provide huge concessions to entrepreneurs to increase their business.

FIASWI members have also demanded that the grant for purchasing new machinery be raised from 20 to 25 percent; also the capital subsidy should be increased from Rs 20 million to Rs 50 million and TUFS should also be continued for the purchase of second hand machinery.

FIASWI Chairman, Arun Jariwala lamented that, they have decided to firmly represent their demands before the Planning Commission. The ultimate report on revised TUFS will be prepared by the Planning Commission and it is likely to be announced by the textile ministry.

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

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

Rahul Bhadani
Looksgud

Navigating through catalogues is a bit hasslesome

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Kevin Nelson
TissueGen

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

Madhu Jain
Madhu Jain

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

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Robert Brunner
Devereux

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

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