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  Page : 89 of 92
  India : Sanction of projects under TUFS suspended (July 02, 10)
Sanction of projects under the Technology Upgradation Fund Scheme (TUFS) has been suspended as additional fund allocation is needed for the scheme for the XI Plan. The Union Ministry of Textiles has issued a circular in this regard on June 30. Textiles Secretary Rita Menon told The Hindu that the allocation for the scheme for the XI Plan was Rs. 8,000 crore. The interest compensation payment under the scheme was cleared till January 1, 2010. However, payments were pending for the last quarter of 2009-10 and the first quarter of this financial year. The additional amount needed was expected to be finalised by next week. “The suspension is only a temporary measure,” she said. The Ministry of Textiles was also trying to make the scheme more meaningful for specific sectors in the value addition chain such as the powerloom and processing.
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  China : Carbon tariffs may impact China's exports of textiles and other industrial products (June 29, 10)
China is the largest developing country, meanwhile is an important big country of manufacturing exports. In accordance with current pattern of economic development, it will have serious impact on Chinese manufacturing ability in international competition, if Europe and the United States would implement carbon tariffs policies around 2020.
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  Pakistan : PSF producers oppose tariff cut (June 29, 10)
Local polyester staple fibre (PSF) producers have opposed the demand to cut import duty on PSF, saying that it was already the lowest in Pakistan as compared to India, China, Korea and Thailand.
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  India : Cotton export ban was to avoid its shortfall - Maran (June 29, 10)
Union Textile Minister, Dayanidhi Maran, while shielding the government’s move of imposing ban on exports of cotton said that, this was done to cut down the prices of cotton, as also to ease the situation for the country to avoid dearth of inputs.
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  India : TEA decries proposal to appoint rating agencies (June 29, 10)
Shri. A.Sakthivel President said that he has sent a letter to Dr. D. Subba Rao, Governor Reserve Bank of India , Mumbai requesting to advise the banks not to insist for rating of the units by outside Rating Agencies for another three years and the copy of letter is enclosed.
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  Lahore : Every kilogram of local cotton must end up in apparels (June 26, 10)
Every kilogram of local cotton must end up in the value added apparels, Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) said.
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