Govt expects to surpass target under new textile policy

Textile policySource: Business Standard, Dec 25, 2013

Ahmedabad: At a time when the cotton and man-made fibre textile mills based on conventional technology are closing down, the Gujarat government is banking on its textile policy and restructured Textile Upgradation Fund Scheme (TUFS) for reviving the ginning and spinning sectors.

As against a target of adding 2.5 million spindles in next five years under the Gujarat state textile policy, the government is now expecting to add 4 million spindles. The move comes at a time when, according to Ministry of Textiles figures, around 18 mills closed down till October 2013 which had been registered with the BIFR despite efforts to revive them.

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CCEA approves Rs 500 cr for ‘green’ scheme for textile units

Source: The Hindu Business Line, Oct. 30, 2013

New Delhi: The Cabinet Committee on Economic Affairs (CCEA) has approved an Integrated Processing Development Scheme 1(IPDS) with a corpus of Rs 500 crore to make textile processing units more environment-friendly and globally competitive.

The fund will be used to set up four to six brownfield projects and three to five greenfield projects over the 12th Plan period addressing environmental issues faced by textile processing units, a Government release said.

The eligible projects under the scheme would cover Common Effluent Treatment Plants, captive power generation on technology preferably renewable/green technology, infrastructure such as storm water management, necessary roads and pipelines for water & wastewater and, facility for testing and R&D centres, the release added.

The scheme will support upgradation of existing processing clusters/centres specifically in the area of water and waste water management and also encourage research and development work in the textiles processing sector.

Textiles Ministry wants sops for cotton yarn exports restored

Source: The Economic Times, Oct. 11, 2013

MUMBAI: Ministry of Textiles has sought restoration of incentives for cotton and cotton yarn exports and said despite challenges, the sector is poised for growth.

“We will write to Commerce Ministry over the issue of restoration of export incentives under the Focus Market Scheme (FMS) given to cotton and cotton yarn exporters,” Union Textiles Minister K S Rao told reporters after inauguration of a FICCI-organised conference here.

Commerce Ministry recently withdrew FMS, which was for cotton and cotton yarn exporters, on the ground that India has already got surplus production.

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Technical textile industry to reach $36 billion by 2016-17

Technical textile industry Source: The Economic Times, Oct. 03, 2013

MUMBAI: India’s technical textile industry is expected to grow at a rate of 20 per cent annually to touch $ 36 billion by 2016-17, according to experts.

“Technical textile is an important part of the overall textile sector in India. Not only has it grown at an annual rate of 11 per cent during 2006-11, but is also estimated to expand at a rate of 20 per cent to reach $ 36 billion by 2016-17,” Messe Frankfurt Trade Fairs IndiaManaging DirectorRaj Manek told reporters here today.

Technical textiles are products manufactured primarily for their technical performance and functional properties rather than aesthetic and decorative characteristics.

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NTC enters readymade garments biz, to set up 300 stores in 2 years

Source: The Economic Times, Oct. 02, 2013

HYDERABAD: State-owned National Textile Corporation (NTC) has announced its entry into the readymade garments business where the union textiles minister Kavuri Sambasiva Rao unveild the logo ‘Indian Republic’ in Hyderabad on Wednesday. Starting with the menswear range, NTC plans to launch 300 retail stores through franchise network by end of March 2015.

Aloke Banerjee, NTC’s marketing director said the corporation expects to spend about Rs125 crore towards the retail stores and some Rs 20 crore on advertisements during the next two years, expecting to earn revenues of about Rs 250-300 crore from the retain stores network which is expected provide direct employment to some 4,000 people.

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Single window clearance soon for textiles industry

Source: The Economic Times, Oct. 01, 2013

HYDERABAD: Indian Textiles industry will soon get a special division that would act as single window for all the approvals, announced the union minister for textiles K.Sambasiva Rao. Currently, the industry is facing troubles in getting almost 50 approvals from the various departments to get their business start, he said.

While talking to reporters on the sidelines of an event organized by FICCI here on Tuesday, he said, “A separate wing or division would be set up under the joint secretary level officer for single window clearance. The ministry itself will pursue the matter and instead of the industry players the division will go to various departments for the approvals. It (setting up of the division) will take some time since it has to be approved by several ministries and the Planning Commission. But, I hope by end of this financial year, the division would come in to force.”

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Hike in duty drawback rates for garment to boost exports: AEPC

Source: Business Standard, Sept 17, 2013

The recent hike in duty drawback rates by the government would help boost the garment sector’s exports, exporters body AEPC said today.

Duty drawback is the refund of duties on imported inputs for export items.

Last week, the Finance Ministry has rationalised the duty drawback and brought more items under the scheme for tax refund to exporters to give a boost to overseas shipments.

“The move would give a boost to overseas shipments. Government has announced duty drawback for the garment cotton, manmade and silk for the year 2013-14. This is a critical incentive which we all need,” Apparel Export Promotion Council (AEPC) Chairman A Sakthivel said in a statement.
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Cotton Distribution Policy to bring stability in prices


NEW DELHI: The Textiles Ministry today said it plans to bring a cotton distribution policy that proposes to impose a 10 per cent duty on shipments of the commodity beyond a declared exportable surplus.

The move is aimed at bringing stability in prices of the natural fibre.

“India produced 350 lakh bales of cotton in the 2012-13 season (October to September) and in the next season it will be between 370 and 400 lakh bales which means we will have enough of cotton. To bring in stability in prices for the millers, spinning mills, weavers and growers, we proposed the Cotton Distribution Policy,” Minister of Textiles Kavuru Sambasiva Rao said.

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Govt clears Rs 890 crore scheme for silk sector in 12th Plan

Source: The Economic Times, Sept 12, 2013

NEW DELHI: To promote silk industry, the government today approved the continuation of Catalytic Development Programme (CDP) with an outlay of Rs 889 crore in the 12th Plan period (2012-17).

The scheme will help generate direct and indirect employment for 9.24 million people by 2017.

“The Cabinet Committee on Economic Affairs has approved the continuation of the centrally sponsored scheme of CDP of Ministry of Textiles relating to sericulture sector during the 12the Plan period,” said an official statement.

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Weak rupee, high petroleum prices to hit textile industry

Txtile industrySource: The Economic Times, Sept 09, 2013

The impact of rupee depreciation and higher petroleum prices is now being felt by the textile industry, as fabric and apparel makers remain hesitant to pass on higher costs to the final consumers on concerns over weak demand, raising questions on how the industry will cope with this challenge.

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