Industries department issues order enhancing capital subsidy under special scheme for technical textiles 1) Tamil Nadu Industries, Investment, Promotion and Commerce Department has issued a government order enhancing the capital subsidy under the existing special scheme for technical textiles to 25% from 15%, which will be disbursed over a period of 10 years and expanding the scheme to cover medium enterprises. 2) On March 18, 2023, Chief Minister M.K. Stalin had released the special scheme for technical textiles, Man-Made Fibre (MMF) yarn from recycled products, MMF fabric and apparel manufacturing in the State.
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Tamil Nadu: Mixed Reactions to Budget 2024 from Textile Sector Positive Highlights: MDI Duty Cut: SK Sundararaman, Chairman of SIMA, appreciates the reduction of customs duty on methylene diphenyl diisocyanate (MDI) from 7.5% to 5%, enhancing global competitiveness for spandex yarn manufacturers. Industrial Parks and Duty Removal: Mithun Ramadas, President of SIEMA, welcomes new industrial parks with plug-and-play facilities and the removal of basic customs duty on ferronickel and blister copper scrap. Disappointments: MSME Concerns: J James, President of TACT, notes the absence of reduced bank interest rates, machinery purchase subsidies, industrial parks for MSMEs in Coimbatore, and changes to the SARFAESI Act. K Maniraj, President of KOTMA, highlights the lack of GST reduction for pumpset motors and raw materials like copper, steel, aluminum, and iron. M Jayabal, Chairman of Recycling Textile Federation, expresses overall disappointment for MSMEs. #TextileIndustry #SustainableFashion #FashionRevolution #TextileDesign #EcoFashion
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On Jan. 12, 2024, in a document published in Umm al-Qura (Saudi Arabia’s official government gazette), the new version of the Technical Regulations for Textile Products was adopted. Learn more about key changes for the Softline industry. #weareULSolutions
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Cotton is one of the largest contributors to #NewIndia's net foreign exchange through exports in the form of raw cotton & intermediate products such as yarn & fabrics, propelling the country's textile industry. Learn more at https://lnkd.in/fwqx-M3 #InvestInIndia #InvestIndia #Textiles #Cotton NITI Aayog Department for Promotion of Industry and Internal Trade Ministry of Commerce and Industry, Government of India
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On Jan. 12, 2024, in a document published in Umm al-Qura (Saudi Arabia’s official government gazette), the new version of the Technical Regulations for Textile Products was adopted. Learn more about key changes for the Softline industry. #weareULSolutions
Saudi Arabia Adopts New Version of Technical Regulations for Textile Products
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On Jan. 12, 2024, in a document published in Umm al-Qura (Saudi Arabia’s official government gazette), the new version of the Technical Regulations for Textile Products was adopted. Learn more about key changes for the Softline industry. #weareULSolutions
Saudi Arabia Adopts New Version of Technical Regulations for Textile Products
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On Jan. 12, 2024, in a document published in Umm al-Qura (Saudi Arabia’s official government gazette), the new version of the Technical Regulations for Textile Products was adopted. Learn more about key changes for the Softline industry. #weareULSolutions
Saudi Arabia Adopts New Version of Technical Regulations for Textile Products
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On Jan. 12, 2024, in a document published in Umm al-Qura (Saudi Arabia’s official government gazette), the new version of the Technical Regulations for Textile Products was adopted. Learn more about key changes for the Softline industry. #weareULSolutions
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On Jan. 12, 2024, in a document published in Umm al-Qura (Saudi Arabia’s official government gazette), the new version of the Technical Regulations for Textile Products was adopted. Learn more about key changes for the Softline industry. #weareULSolutions
Saudi Arabia Adopts New Version of Technical Regulations for Textile Products
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#Gujarat accounts for 35% of #NewIndia’s cotton production and 60% of #cotton exports, positioning itself as a hub for textile industries. Explore more: http://bit.ly/gujarat_02 #InvestInIndia #InvestIndia #StateFocus #InvestInGujarat #Textiles Ministry of Commerce and Industry, Government of India Cotton Corporation Of India Ltd Department for Promotion of Industry and Internal Trade NITI Aayog
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