Irani provides a major boost to the NE sericulture industry
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 ...
Revised tech upgradation fund scheme for textiles soon
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 ...
