by TANVI_MUNJAL | Dec 15, 2023 | Finance & Economy, News & Insights
Exporters in India are planning to approach the Commerce and Finance Ministries to request higher subsidy rates under the interest equalization scheme (IES) for identified sectors. The move aims to help exporters cope with the surge in interest rates on credit over...
by DIGITAL MEDIA EXECUTIVE | Apr 14, 2023 | Business & Policy
Tamil Nadu’s textile sector has requested export incentives and extra credit support in the Union government’s budget for 2023–24, which will be presented in Parliament on February 1. The Tiruppur textile industry, the first to export textiles from Tamil...
by DIGITAL MEDIA EXECUTIVE | Apr 12, 2023 | Business & Policy
T M Anbarasan, the minister in charge of the Micro Small and Medium Enterprises Department, announced in the Assembly on Thursday that multi-storeyed plug-and-play industrial space for MSMEs would be built in Chennai, Hosur, and Madurai at a cost of Rs 223.88 crore....
by DIGITAL MEDIA EXECUTIVE | Apr 3, 2023 | cotton industry
MARKET OUTLOOK Today, the BSE Sensex opened at a level of 59094.97 points with a gain of 103.45 points. On the other hand, NSE’s Nifty opened at 17391.00 points with a gain of 31.20 points. Today, the rupee opened at a level of Rs 82.45 against the dollar with a...
by DIGITAL MEDIA EXECUTIVE | Mar 31, 2023 | Finance & Economy, Textile Articles
Gujarat, a centre for Indian textile production, anticipates new investments worth Rs 40,000 crore in the weaving industry after the federal government announced that there will be no additional taxes on high-speed weaving machinery. The Union Budget included...
by DIGITAL MEDIA EXECUTIVE | Mar 6, 2023 | agriculture
For investors in this industry, Andhra Pradesh, which scored first in aquaculture and marine exports, provides a multitude of options. During the Global Investors Summit, which will take place in Visakhapatnam on March 3 and 4, the State government is optimistic about...
by Gargi Dandegaonkar | Dec 23, 2022 | Business & Policy, Events Updates, Industry And Cluster, News & Insights
The Karnataka government has announced that it would chalk out a scheme to give a 50% subsidy to professional weavers. They would also get interest free loan up to ₹2 lakh. Chief Minister Basavaraj Bommai on Saturday chaired a meeting with representatives of the...
by Manali bhanushali | Mar 17, 2021 | Industry And Cluster, News & Insights
The government has announced a production-linked incentive (PLI) of 4-6% of sales, costing around Rs 200,000 crore (0.7% of GDP) over five years in 11 sectors for companies that commit to invest and increase production massively. This implies India is abandoning the...
by Millionaires | Jul 25, 2020 | Industry And Cluster, News & Insights
Haryana chief minister Manohar Lal Khattar on Friday clarified that his government cannot continue subsidy on cotton crop premium under the Pradhan Mantri Fasal Bima Yojana (PMFBY). While interacting with reporters here, Khattar said the state government...
by TEXTILE VALUE CHAIN | Dec 18, 2019 | Industry And Cluster, News & Insights
The modifications to the scheme include settlement of claims based on internal or concurrent auditor certificate and submission of statutory auditor’s certificate once by June 30, 2020; and acceptance of claims in multiple lots for a given half year by eligible...
