Anand Sharma, Union Minister of Commerce, Industry and Textiles stated that a total of 1.13 lakh textile workers had been benefited by the Textile Workers Rehabilitation Fund Scheme (TWRFS) till March 31, 2012.
Mumbai and Ichalkaranji will soon play host to two workshops by Italian textile machinery manufacturers on May 8 and 10 respectively, reports Fibre2fashion.com. The workshops are being organized by the Association of Italian Textile Machinery Manufacturers (ACIMIT).
Pakistan's fashion fraternity has welcomed India and Pakistan's decision to open more trade routes and hope to expand their reach by collaborating with Indian wholesalers, brands and opening retail outlets in the country.
The state government expects traders to cough up five percent in VAT on textile sales, and could earn about INR1,000 crore in revenues. Taxes gets passed on to price-conscious customers. Commercial tax authorities have seized goods in transit, approximately 10,000 bales, across the state.
State Cabinet Minister Om Prakash Singh stated that the government of Uttar Pradesh will look into the promotion of Banarasi textiles, reports Fibre2fashion.com. Singh stated that these textiles have helped the state get a special recognition worldwide.
Estimates by the Confederation of Indian Textile Industry (CITI) indicate that the country’s textile exports may have missed the target of USD33 billion laid out for 2011-12. This is on account of the Eurozone crisis, reports Financial Express.
Money sanctioned by the government ends up with cooperative societies. The weaver makes less than Rs 200 a day.