Home / Knowledge / News / Textiles / Requisition to increase investment in plant & machinery to medium enterprise
Requisition to increase investment in plant & machinery to medium enterprise
29
Jun '09
May Tirupur Exporters' Association be permitted to note that the definition for Medium Enterprise units, as announced by the Ministry of Micro, Small and Medium Enterprises is “the investment in Plant and Machinery should be more than Rs. 5 crore but does not exceed Rs. 10 crore.” Due to this upper limit of Rs. 10 crores, Medium Enterprises units, are deprived of getting the benefit of MSME Sectors.

We wish to make a note of it that the cost of the machinery like, Fabric Spreader and Cutter, latest knitting machine are more than Rs. One crore and due to higher value of machinery, the investment even in small knitwear garment units are exceeding more than Rs 10 crores. In view of this, the small knitwear garment units are facing problem with banks in getting the one of the supporting measures of 2% interest subvention on Packing Credit, specifically given to bail out the employment intensive exporting sectors.

Considering this, we request the Hon'ble Finance Minister to advise the Ministry of Micro, Small and Medium Enterprises to make amendment in the definition of medium enterprises by increasing the upper limit to Rs. 25 crores expeditiously so that the ailing small garment-exporting units will get the benefit at this need of the hour.

Tirupur Exporters' Association


Must ReadView All

Courtesy: Pexels

Textiles | On 19th Sep 2018

Punitive PRC tariffs on US goods has extra 5% on textiles

Responding to Washington’s latest duty increase in a dispute with...

Courtesy: Tecnorama

Textiles | On 19th Sep 2018

'Reliability & excellent quality are Tecnorama’s USP'

The complete reliability and excellent quality of Tecnorama systems...

Courtesy:  Stanislav Kondratiev on Unsplash

Apparel/Garments | On 19th Sep 2018

AAFA questions US tariffs on $200 bn Chinese goods

The American Apparel & Footwear Association (AAFA) has questioned...

Interviews View All

Cyril Pereira, Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Karel Williams, Dow Microbial Control

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Abhishek Samdaria, Reflete

Abhishek Samdaria
Reflete

GST will certainly reduce a lot of paperwork in future

Harmeet Singh,

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Abhishek Pachauri,

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Umang Banthia,

Umang Banthia

Established in 2005, SL Banthia Textiles manufactures coated fabrics....

Isabel Herranz, European School of Business & innovation

Isabel Herranz
European School of Business & innovation

Cutting-edge ideas like the Internet of Things and artificial intelligence ...

Robin Grankvist, OrganoClick AB

Robin Grankvist
OrganoClick AB

Robin Grankvist talks about PFCs, additives and various chemicals used in...

Mark Brill, Birmingham City University (BCU)

Mark Brill
Birmingham City University (BCU)

<div>A technological breakthrough could see people getting messages about...

Sanjukta Dutta, Sanjukta's Studio

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Madhu Jain, Madhu Jain

Madhu Jain
Madhu Jain

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

Cigdem Akin, Cigdem Akin

Cigdem Akin
Cigdem Akin

She has carved a niche for herself as the national brand of Turkey. Her...

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


September 2018

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

news category


Related Categories:

Advanced Search