ATUFS is a wonderful scheme: AEPC
Ahmad Shariq Khan & Aamir H Kaki “I think ATUFS (Amended Technology Upgradation Funds Scheme) is a wonderful scheme. If it is efficiently implemented as it was announced then we exporters don’t need anything,” said Ashok G Rajani, Chairman, Apparel Export Promotion Council (AEPC). Replying to a query regarding ceiling on capital investment, Rajani said, “we want the government to increase the Rs.30 crore ceiling on capital investment so that large factories, of Rs.100 crores, would be established and help in generating more employment. We have flagged this issue but we are not sure if the government will change the policy”, Rajani was speaking to the media and The Dollar Business Bureau on the sideline of the inauguration ceremony of the IIGF 2016 on Monday. Under ...
Weaving Wonders... Her Way
Rashmi Verma, who recently joined the Ministry of Textiles (Government of India), as the new Secretary, is making all the right moves to give exports from this all-important industry a leg-up. Ahmad Shariq Khan | March 2016 Issue | The Dollar Business Rashmi Verma, Secretary, Ministry of Textiles, GoI Rashmi Verma, an IAS officer of 1982-batch of Bihar cadre, a postgraduate in political science and an MBA from the University of Hull (Yorkshire, England), has recently taken charge as Secretary, Ministry of Textiles, Government of India. Rashmi, who previously held the charge of Special Secretary at the Department of Revenue in Finance Ministry, feels strongly that in this new role she would be able to make a difference, which she has always ...
Govt clears new tech fund scheme for textile sector
The Dollar Business Bureau The textile ministry has said it will set up offices of textile commissioner (TXC) in each state to facilitate entrepreneurs in setting up businesses The government on Wednesday approved the amended Technology Upgradation Fund Scheme (ATUFS) that aims to generate investments worth Rs.1 lakh crore in textile sector under Make in India programme. The new scheme has been introduced to encourage domestic apparel and garment exporters in order to increase India’s share in global textile exports. “The amended scheme would give a boost to “Make in India” in the textile sector. It is expected to attract investment to the tune of one lakh crore rupees, and create over 30 lakh jobs,” Ministry of Textiles said in ...
