Handicraft exports up 3% in first three quarters of 2015-16
Three e-commerce entities will operate inMaharashtra, Madhya Pradesh, Orissa, Uttar Pradesh, Tamil Nadu, Kerala and Rajasthan The Dollar Business Bureau The Ministry of Textiles has taken several initiatives to promote textile industry in the global markets and increase exports of handicrafts from the country Indias handicraft exports have grown by 3% to $2,282 million during April-December 2015 from $2,215 million during April-December 2014. The exports of handicrafts have grown by 10% in rupee terms, from Rs.13,460 crore during April-December 2014 to Rs.14,782 crore during April-December 2015, Ministry of Textiles said in a statement on Friday. Under the e-commerce policy framework for promotion of online marketing of handloom products, the Ministry of Textiles has engaged three e-commerce entities i.e. Mumbai-based Craftsvilla Handicrafts Pvt. Ltd., Bangalore-based ...
Govt clears new tech fund scheme for textile sector
The Dollar Business Bureau The textile ministry has said it will set up offices of textile commissioner (TXC) in each state to facilitate entrepreneurs in setting up businesses The government on Wednesday approved the amended Technology Upgradation Fund Scheme (ATUFS) that aims to generate investments worth Rs.1 lakh crore in textile sector under Make in India programme. The new scheme has been introduced to encourage domestic apparel and garment exporters in order to increase India’s share in global textile exports. “The amended scheme would give a boost to “Make in India” in the textile sector. It is expected to attract investment to the tune of one lakh crore rupees, and create over 30 lakh jobs,” Ministry of Textiles said in ...
Govt introduces ERP scheme to benefit handloom weavers
The Dollar Business Bureau The ERP system has been integrated with cloud technology to provide real-time information on NHDC activities to all stakeholders. The government on Sunday introduced Enterprise Resource Planning (ERP) system – a scheme which would improve productivity, increase efficiencies, decrease costs and streamline supply of raw material – to boost India’s textile industry. The ERP system is aimed at benefitting the country’s handloom weavers through a quicker delivery of NHDC (National Handloom Development Corporation Ltd.) material. The system will include India’s major Yarn Mills, thereby enabling the weavers to indentify and place order as well as check the status of delivery through the online ERP system. “All processes - such as identification, purchase order generation and invoice generation ...
