TaxTMI 
TaxTMI 
Restructuring of Textiles Sector
X X X X Extracts X X X X
X X X X Extracts X X X X
....estructuring of Textiles Sector <br>News and Press Release<br>Dated:- 26-11-2012<br><BR>Press Information Bureau Government of India Ministry of Textiles 26-November-2012 14:45 IST Textile Industr....
X X X X Extracts X X X X
X X X X Extracts X X X X
....y suffered a downturn in 2011-12, due mainly to the global economic slowdown and partially the high price volatility in the international and domestic cotton market. To ease the resultant financial di....
X X X X Extracts X X X X
X X X X Extracts X X X X
....stress, recognizing the Handloom sector as the most vulnerable segment of the Textile industry, Government announced a Handloom Revival, Reform & Restructuring Package under which Rs.3884 crore was al....
X X X X Extracts X X X X
X X X X Extracts X X X X
....located for waiver of loans of handloom cooperatives, individual weavers, etc. and for interest subsidy, margin money and credit guarantee for fresh loans. Government also approved a debt restructurin....
X X X X Extracts X X X X
X X X X Extracts X X X X
....g package to help loss making textile mills, to be administered on a case by case basis by the banks within the prudential norms of the Reserve Bank of India. Following the debt restructuring of the m....
X X X X Extracts X X X X
X X X X Extracts X X X X
....ills, there are no losses reported by the industry. Meantime, production indicators have also turned positive for yarn and fabric, showing a 7.9% growth in total spun yarn and a 4.7% growth in total f....
X X X X Extracts X X X X
X X X X Extracts X X X X
....abric production in April-September 2012 in comparison with the same period in the previous year. This information was given by the Minister of Textiles, Shri Anand Sharma in a written reply in the L....
X X X X Extracts X X X X
X X X X Extracts X X X X
....ok Sabha today. ***** DS<BR> News - Press release - PIB....