India Textile Industry Hope Fund Plan Can Be Extended
India
textile industry
Expressed the hope that the recent suspension of the technology renewal Fund Scheme (TUFS) would be extended to the end of the twelfth plan.
J. Thulasidharan, chairman of the South India textile mill Association, said the plan should continue and do not modify until the end of the eleventh plan and then extend to the next plan.
According to the technical pformation fund plan, the textile industry has received 80 billion rupees aid funds in the past three years, and can get another 90 billion rupees in the remaining eleventh projects.
The original design of the plan ended in 1999, because only in 2005 did the momentum grow. Now, nearly 90% of the textile sector investment is under this plan.
The textile sector is the largest department of job creation in India.
TUFS encourages investment and, therefore, creates more job opportunities.
China currently has about 100 million spindles, while India has only 42 million spindles.
India exports about 7 million bags.
cotton
These cotton can be digested in the domestic market by expanding production capacity.
Therefore, the preferential measures under this plan should continue.
According to this plan, Rupp's clothing department needs to purchase more machines. Therefore, the assistance funds for processing and clothing departments should be increased under the framework of the plan.
According to power
loom
The development and Export Promotion Council report has so far accumulated a total of nearly 740 billion rupees and only 1.5% of the small power looms.
India has only 10.3 shuttleless looms and about 2 million 250 thousand power looms.
Therefore, investment in the power loom sector should be encouraged.
The investment proportion of the project initiator should be reduced from 15% to 10%.
Interest subsidies should be raised to 8%, and the capital ceiling should be increased from the current 20 million rupees to 50 million rupees.
- Related reading
- Daily headlines | Twelve Years In The Spring And Autumn Period, The Future Of Empowerment.
- I want to break the news. | Black Leather Pants, Cool Beauty Street Photo.
- Bullshit | Wear Lace Half Skirt, Sexy Princess.
- Bullshit | Guan Xiaotong Takes Part In Pandora Jewelry Activities To Show The Image Of Intellectual Temperament.
- Reporter front line | Focusing On One Yarn For Decades -- Hao Ye Displays Fashion And Creativity In The Twenty-First Jiangsu International Fashion Festival.
- Association dynamics | Chief Executive Officer Of Brazil Santos Port Authority Visits China Cotton Association
- policies and regulations | Akesu Has Already Paid 330 Million Yuan Of Cotton Price Subsidy Funds.
- Daily headlines | China Implements Tariff Collection For New US Agricultural Products Procurement
- Daily headlines | There Is No Winner In Trade Wars: Seeking Common Ground While Reserving Differences Is A Key Step In Sino US Consultations.
- Guangdong | Guangdong: US Orders Loss Market Anticipation Pessimism
- China Has Become An Important Shoe Making Machinery Market In Germany.
- China'S Cotton Price Index In July 20Th And Province To Factory Price
- International Giants Force Domestic Shoe Companies To Focus On Second Tier Cities
- Quotations From Cottonseed And Other Cotton By-Products In July 20Th
- Children'S Shoes And Animation Combined With Life Hall Mode
- July 20Th Express Delivery: Key Fabric Quotation
- July 20Th Express Delivery: Quotation Of Key Raw Material Enterprises
- After The Sweater, The Quality Service Of The Whole Equipment Is The Key.
- The Economic Development Has Laid The "Overlord" Position For The Footwear Industry In The Western Region Of Chengdu.
- "Cleaner" -- The Way For Shoes Enterprises To Meet The Standards