The DTI's Production Incentives for the Textile Industry

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Theo Meintjes' presentation on the DTI Production Incentives for the Textile Industry at the Cap40.

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The DTI's Production Incentives for the Textile Industry

  1. 1. 1 21/05/2014 Getting hold of the investment incentives offered by the DTI. Speaker: Theo Meintjes
  2. 2. Compiled and Presented by Dectra (Pty) Ltd CTCP PRODUCTION INCENTIVE FOR THE TEXTILES INDUSTRY dectraPROJECT FINANCE & GRANTS SPECIALISTS
  3. 3. DTI support programs CTCP  Administered by IDC  Ends 31 March 2016
  4. 4. DTI support programs Main Qualifiers  Classified as textiles industry
  5. 5. DTI support programs What support?  PIP Production Incentive Programme  CIP Competitiveness Improvement Prgrm
  6. 6. DTI support programs Who Qualifies? 1. Clothing 2. Textiles 3. CMT 4. Footwear 5. Leather Except automotive 6. Design Houses with CMT partners
  7. 7. DTI support programs How Much?  Maximum: MVA x 7.5%  Preceding year  MVA = Manufactured Sales less Material cost
  8. 8. DTI support programs PIP: What for?  Upgrade grant facility
  9. 9. DTI support programs Upgrade grant (PIP)  Plant & Equipment upgrade  Acquire new  Staff development  Process improvement  Material optimisation  Product Development  Market development
  10. 10. DTI support programs CIP: What for  Interventions that improve competitiveness  Examples  Restructuring factory layout  Training
  11. 11. DTI support programs How to claim  Use within 24 months  Retrospective up to start of previous fiscal year  Provide invoices  Paid to applicant or supplier

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