September 2008
Issue No. 10
A Joint Project of NSTEDB, Department of Science and Technology, Government of India and Federation of Indian Chambers of Commerce and Industry (FICCI)
At the out set we would like to thank all our readers for their enthusiastic response. Hope you are finding the information in our newsletter is very versatile and informative.

In our "Articles from Members"section, we invite articles on current topics on Science & Technology and Entrepreneurship. We also welcome material that you think is useful and can be circulated through our newsletter.

You can send your contributions by Email to timeis@ficci.com, swapna.das@ficci.com
Top Stories of the Month
Top stories of the Month
Technology Focus
Funding Options
Whats New?
Upcoming Events
"Articles From Members"
 
 



For more news, logon to: http://www.techno-preneur.net/

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TECHNOLOGY FOCUS
 


This month find 20 new technologies from "Information Technology" Sector. List of all those technologies are as below:

 IT Technologies

 

For more information about various technologies in different sectors, logon to
http://www.techno-preneur.net/

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FUNDING OPTIONS
 


Technology Upgradation Fund Scheme for Textile Industries (TUFS)

 Purpose TUFS has been launched with a view to sustaining as well as improving the competitiveness and overall long term viability of the textile sector. The scheme intends to provide timely and adequate capital at internationally comparable rates of interest in order to upgrade the textile industry's technology level.
Special Features

For SSIs: The borrowers can avail of any one of the follwoing benefits: 5% interest reimbursement on the interest actuallycharged in respect of rupee loan or coverage of exchange rate fluctuation not exceeding 5% p.a. from the base rate or cost of forward cover premium upto 5% p.a. on the base rate of exchange in respect of foreign currency

OR

12% Credit Linked Capital Subsidy on eligible investment made for modernisation, for Small Scal Textile and Jute Indutries in respect of Rupee Loans; The units are permitted to make new investment eligible under TUGS upto Rs. One crore or till the unit reaches SSI limit, whichever is higher.

OR

20% Credit linked Capital subsidy (CLCS @20%) on machinery cost exclusively for powerloom units in SSI sector. The cost of modern waeving machinery admissible is upto Rs. 60 lakh (i.e. Subsidy ceiling is Rs. 12 lakh).

For units graduationg out of SSI and Medium Sector Enterprises (MSEs): The borrowers can avail 5% interest reimbursement on the interest actually charged in respect of rupee loan or coverage of exchange rate fluctuation not exceeding 5% p.a. from the base rate or cost of forward cover premium upto 5% p.a. on the base rate of exchange in respect of foreign currency loan.
Eligible Borrowers SSI units, SSI units graduationg out of the sector after implementation of the schemeand MSEs in the Textile sector and Cotton Ginning and Pressing sector can be covered.
Debt Equity Ratio Not to exceed 2:1 for the company/firm/concern as a whole

To know more about this schemes, logon to http://www.sidbi.in/

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WHATS NEW ?
 


Technology Trends

Agriculture
Environmental Application


o Climate Change Indicators

o Makeover for Plants
Health Care and Medicine


o Free Radicals at High Cost

o Root Therapy

Industrial Application


o New Anti-Virus Detection

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UPCOMING EVENTS
 

Seminar on Agrotextiles - Emerging Opportunities
October 1, 2008, Mumbai

For further information, please contact
Ms Pooja Jaiswal
FICCI-Western Regional Council
Tel: 91-22-2496 8000
Fax: 91-22-2496 6631-32
Email: pooja.jaiswal@ficci.com

Global Conference-cum-Exposition on Shipbuilding Industry
October 7-8, 2008, Federation House, New Delhi

For further information, please contact
Mr Abdul Salam\Mr. Prem Balodi
FICCI, Federation House,
1 Tansen Marg, New Delhi - 110 001
Phones: +91-11- 23325368/ 23765082 (D), and
+91-11- 23738760-70 (11 lines) Extn - 457 & 414
Fax: +91-11- 23320736(D), 23721504
E-mail: infra@ficci.com

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Best Wishes…

TIME IS Team

For Further Information, Please contact
Information Manager
TIME IS
Federation of Indian Chambers of Commerce and Industry
Federation House, Tansen Marg
New Delhi - 110 001
Tel : 011-23721503
Fax : 011-23325158
Email : timeis@ficci.com