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21/05/2014

Getting hold of the investment incentives offered by the DTI.

Speaker: Theo Meintjes

Compiled and Presented by Dectra (Pty) Ltd

CTCPPRODUCTION INCENTIVE FOR THE TEXTILES

INDUSTRY

dectraPROJECT FINANCE & GRANTS SPECIALISTS

DTI support programs

CTCP

Administered by IDC

Ends 31 March 2016

DTI support programs

Main Qualifiers

Classified as textiles industry

DTI support programs

What support?

PIP Production Incentive Programme

CIP Competitiveness Improvement

Prgrm

DTI support programs

Who Qualifies?

1. Clothing

2. Textiles

3. CMT

4. Footwear

5. Leather Except automotive

6. Design Houses with CMT

partners

DTI support programs

How Much?

Maximum: MVA x 7.5%

Preceding year

MVA = Manufactured Sales less

Material cost

DTI support programs

PIP: What for?

Upgrade grant facility

DTI support programs

Upgrade grant (PIP)

Plant & Equipment upgrade

Acquire new

Staff development

Process improvement

Material optimisation

Product Development

Market development

DTI support programs

CIP: What for

Interventions that improve

competitiveness

Examples

Restructuring factory layout

Training

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