Technology Upgradation Fund Scheme
Fashion & Lifestyle
Government approves sops to boost textiles manufacturing, exports
The Cabinet has approved incentives to boost job creation, manufacturing and exports in labour-intensive textile sector.
"Cabinet has approved concessions to boost manufacturing and exports in textile sector," official sources were quoted by PTI as saying.
According to a PTI report:...
Retail
Cotton Textile Industry has Potential to Invest upto Rs 4,000 Crore: R K Dalmia, Texprocil
The cotton textile industry has a potential to invest up to Rs 4,000 crore leading to generation of 50,000 new jobs if the government accepts the sector's demands in the forthcoming Budget, according to a top industry official, states...
Fashion & Lifestyle
AEPC wants subsidies under TUFS
The Apparel Export Promotion Council (AEPC) has asked the government to raise interest subsidy under the Technology Upgradation Fund Scheme (TUFS) for processors and garment industry from 5 to 8 percent. At the same time, AEPC Chairman, Premal Udani,...
Retail
‘Pre-Budget Memorandum’ – retailers’ expectations
The economic growth of India has seen many turbulent times in the last year. While the first half of the year was buoyant promising nearly double digit growth, the global economic downturn did not leave the Indian economy untouched...
Retail
Government taking steps to boost textile industry
To boost the textile sector, the government has been taking a series of steps including launching of Technology Mission on Cotton (TMC) and the Technology Upgradation Fund Scheme (TUFS) to enable modernisation and upgradation of the textile industry both...
Retail
More sops likely for garment sector
In a move to extend benefits and accelerate growth in the garment and textile sectors, the ministry is considering a 10 per cent capital subsidy in addition to the 5 per cent reimbursement on the purchase of machinery.These benefits...
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MatchLog Solutions raises $1.5 million in pre-series A funding
The funding round was led by Motion Ventures and July Ventures, with participation from Venture Catalysts, Blue Ashva Capital,...
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