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The Dollar Business Bureau Beginning January 29, 2017, a two-day Investors’ summit themed “Exploring Opportunities in North East Region” has been organised by the Minister of Development of North Eastern Region (DoNER) and the Ministry of Textiles in Shillong. The event focusses on the Textile Industry and its associated sectors. On the first day of the summit, Rs.1040 crore was allocated for textile based projects like handicrafts, sericulture, handloom, apparel and garments by the Minister of Textiles, Smriti Irani. North Eastern Textile Industry received Rs.820 crore for sericulture related projects from the Ministry. Speaking to the media, the minister said sericulture related projects in the region would provide employment opportunities to many. The Minister also stated that around four lakh people mostly women would ...

The Dollar Business Bureau During the Vibrant Gujarat Global Summit 2017, memorandum of understandings (MoUs) worth Rs.8,835 crore were signed in textile sector in different areas including textile parks, carpet development, textile processing and machinery. Textiles Minister Smriti Zubin Irani witnessed the signing of MoUs.  “Gujarat produces 29% of India’s total cotton production and this indicates the trust of textile industries in the prospects of the state, said Irani while addressing a seminar on 'Make in Gujarat' at the Summit in Gandhinagar on Thursday.  Irani also gave assurance of support from her Ministry for the development of textile value chain of the state and for exploring opportunities in technical textiles and research. The Textiles Minister further said as a place having one of the largest concentrations ...

The Dollar Business Bureau  The government will soon launch the revised Technology Upgradation Fund Scheme (TUFS) to accelerate textile and jute production and support export oriented units. The scheme, first launched in 1999, is aimed at accelerating investments in the textiles sector through 5% interest reimbursement. It also focuses on quality, branding and exports of textile products at a faster scale. Speaking at the Annual Conference of State Textiles Ministers 2015 on Wednesday, S K Panda, Chief Secretary of Ministry of Textilse, said, “The Technology Upgradation Fund Scheme (TUFS) is in the final stage of revision and it will be notified soon. Unfortunately, level of technology in our domestic market is very low; so when our product goes to the international ...

Neha Dewan | The Dollar Business The Department of Fashion Management Studies at National Institute of Fashion Technology (NIFT) organised an event in the capital today to marry the fashion industry with the government’s ‘Make in India’ initiative. Attended by a host of industry professionals, faculty members and students, the main agenda of the event – Marketing Make in India to International Fashion Brands and Retailers – was centred on creating a ‘manufacturing culture’ in India. Other aspects such as who can/should make in India, how to shift from making fashion products to building brands, and how apt are India's logistics, were among some of the other topics discussed at the event. Drawing a parallel with China in his keynote ...

The move to provide finance and a platform to get international buyers is a beginning, the handloom sector needs much more support to recover Bidhu Bhushan Palo | @TheDollarBiz In one of the last few advises, Mahatma Gandhiji said this about confusion in minds: “Recall the face of the poorest and the weakest man whom you may have seen, and ask yourself, if the step you contemplate is going to be of any use to him. Will he gain anything by it? Will it restore him to a control over his own life and destiny? In other words, will it lead to swaraj [freedom] for the hungry and spiritually starving millions? Then you will find your doubts and ...