The Rs 6,000-crore package announced by the government for the textile industry in July, and notified in September, would boost production and employment much later than it was estimated, textile manufacturers said. Textile Ministry officials, however, said there was no timeline for when the pack…
Tag: Confederation of Indian Textile Industry
Govt may consider separate banking windows for labour-intensive units
As bank branches across the country struggle to meet the surging demand for cash, the government is looking at options that include opening a separate banking window for labour-intensive industrial units in sectors such as textiles and construction to enable them easier access to cash to make wor…
Textiles Min for hike in insurance cover for handloom weavers
Textiles Ministry has proposed increasing the insurance cover for handloom weavers, a sector that employs millions and has been one of the focus areas of the government for job creation. The Ministry has proposed more than three-fold increase in insurance cover to Rs 2 lakh from Rs 60k in case of…