Coimbatore textile institute to be upgraded

October 9th, 2009 Boy arrested in fire at 1800s Maine textile millLEWISTON, Maine — A 13-year-old boy has been arrested in connection with a fire that destroyed a historic textile mill overlooking a waterfall in Maine's second-largest city. Flames shot through the windows and licked through the roof of the vacant 60,000-square-foot Cowan Mill in Lewiston in July.

September 8th, 2009 NEW DELHI - Union Textile Minister Dayanidhi Maran will inaugurate the Gujarat Eco Textile Park setup under the Scheme for Integrated Textile Parks (SITP) at Surat on Wednesday. The park has been set up in an area of 104 acres, at a cost of Rs.

September 2nd, 2009 Moody's upgrades Jo-Ann Stores' ratingNEW YORK — Moody's Investors Service on Wednesday upgraded its rating on Jo-Ann Stores Inc. as the retailer has improved its operating performance and financial picture.

August 24th, 2009 SHIMLA - Himachal Pradesh-based knitting and weaving products firm Winsome Textile has outlined a Rs.143-crore expansion programme after banks approved its debt restructuring plan, a top company official has said. "After getting clearance from banks for debt restructuring, we have plans to invest Rs.143 crore in three divisions -- spinning, dyeing and power," managing director Ashish Bagrodia told IANS.

August 12th, 2009 NEW DELHI - The government Wednesday said it expected investments of Rs.5,000 crore and employment of nearly three lakh in the technical textiles sector by 2012. "The segment has a potential to attract investments and create additional employment opportunities in the coming years, Textiles Minister Dayanidhi Maran told reporters after launching a website -- www.technotex.gov.in -- that will meet the information needs of stakeholders.

August 3rd, 2009 NEW DELHI - Though the overall economy has started showing signals of an early recovery, the country's textile sector, the second largest employment provider, is still struggling with the slowdown, an industry report said Monday. The report by the Associated Chambers of Commerce and Industry (Assocham) said decline in textile exports and massive layoffs in the industry were still continuing.

June 24th, 2009 NEW DELHI - The government will spend Rs.1,100 crore (Rs.11 billion) annually till 2012 to provide subsidies and upgrade technology to the textile sector, Textiles Minister Dayanidhi Maran said here Wednesday. The Technology Upgradation Fund Scheme (TUFS), which was launched to improve competitiveness and overall long term viability of the industry, has been extended till March 31, 2012.

June 24th, 2009 NEW DELHI - The government will provide health insurance to 150,000 weavers and open two textile parks, Textiles Minister Dayanidhi Maran said Wednesday while unveiling the department's first 100 days' work agenda. "The textile sector is the second largest employer after agriculture and accounts for 13.5 percent of the total merchandise export earning and four percent of the GDP," said Maran.

June 12th, 2009 NEW DELHI - The government will exempt the slowdown-hit textile sector from service tax as part of its short-term strategy to bail out the industry, Minister for Textiles Dayanidhi Maran said here Friday. As part of our short-term strategy for the textile industry, we will try to rationalise fiscal structure, exempt service tax, reduce interest rates on pre and post-shipment credit and facilitate faster clearance of arrears, Maran said here while releasing a report on the effects of the slowdown on the textile sector.

June 6th, 2009 BANGALORE - A decline in export orders has adversely affected the textile industry in Bangalore. Around 35 million people employed in the industry have been hit hard.

April 30th, 2009 COIMBATORE - BMW India announced the opening of Kun Exclusive, Coimbatore a satellite facility of Kun Exclusive, Chennai, Dealership Partner for BMW India in Tamil Nadu. The new sales and service outlet brings to Coimbatore world-renowned BMW standards of sales and service and the same international experience as any BMW sales and service centre worldwide.

April 10th, 2009 CHENNAI - Fed up with unfulfilled promises from political parties, industry chambers, non-governmental organisations and residents associations in Tamil Nadu's Coimbatore city have now given their ten point mission for Lok Sabha aspirants. 'One of the top 20 industrialised cities in the country and Tamil Nadu's second largest city has been neglected in terms of provision of basic necessities and development of infrastructure,' C.R.

March 12th, 2009 CHENNAI - The US-based $2.8 billion revenue Perot Systems Corporation is ramping up its Indian operations taking up additional space as well as building its own, a top company official said Wednesday. 'The company's new 23,617 sq.ft facility in Chennai with a seating capacity of around 350 will be ready by the end of this month,' Vardhman Jain, managing director, Insurance and Business Process Solutions group, told reporters here.

January 20th, 2009 SURAT - The Income Tax department continued search and seizure operations for the second day Wednesday, raiding 14 more textile units in this south Gujarat city to unearth unaccounted income. On Tuesday, the department had targeted 40 textile and paint manufacturing units.

December 26th, 2008 SHIMLA - The National Institute of Fashion Technology (NIFT) branch slated to be set up in Himachal Pradesh's Kangra district would start its admission process from August next year, an official release said Saturday. 'The NIFT would start its first batch from August next year,' the release said.