Home / Knowledge / News / Apparel/Garments / ATUFS brings relief to textile sector: CMAI
ATUFS brings relief to textile sector: CMAI
Jan '16
The Clothing Manufacturers Association of India (CMAI) has welcomed the Amended Technology Upgradation Fund Scheme (ATUFS) which was cleared by the Cabinet Committee on Economic Affairs on December 30, 2015.

In a Press Release, Shri Rahul Mehta, President, CMAI stated said the launching of the upgraded scheme in place of the present Revised Restructured TUFS (RR-TUFS) is a relief to the entire textile sector, especially because the RR-TUFS was in a limbo and no Unique ID, which is the formal sanction under the scheme, had been issued after September 2014.

Allocating nearly Rs.13,000 crore for clearing the Committed Liabilities will help in clearing the backlog pending for Issuance of UIDs and also the large number of so called 'left out cases' that have been pending for a decision for nearly 4 years, Mehta said.

Allocation of over Rs.5,000 crore for new projects will encourage fresh investments, both for modernising as well as scaling up existing production facilities and for green field investments.

Mehta thanked the Government for the extra focus provided to the highly labour intensive apparel segment and the technical textiles sector by stipulating a higher capital assistance of 15 per cent for them as against 10 per cent available to the other segments.

He pointed out that the apparel industry was not very capital Intensive, but given the sub-scale operation of production facilities in this segment in the country and the need to achieve economies of scale for competing with large units in countries like China, Bangladesh and Vietnam, the higher assistance to the apparel segment will prove to be highly beneficial in pushing up both employment and exports in the textiles sector.

Another textile industry body, the Apparel Export Promotion Council (AEPC) has also hailed the amended TUFS.

In a press release, AEPC Chairman Virender Uppal thanked the Government for amending the scheme.

“It will provide the much needed thrust for the expansion and growth,” he said. (SH)

Fibre2Fashion News Desk - India

Must ReadView All

Textiles | On 23rd Mar 2017

South Korean Samil Spinning acquires Buhler Quality Yarns

South Korean yarn producer Samil Spinning has acquired US based...

Apparel/Garments | On 23rd Mar 2017

E-retailers to pay up to 1% TCS under GST

E-retail marketplaces will need to deduct up to 1 per cent tax...

Textiles | On 23rd Mar 2017

Lanxess to expand chemical intermediates capacity

The Advanced Industrial Intermediates business unit of German...

Interviews View All

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Sachin Sharma
Gem Enviro Management Pvt Ltd

There are no significant differences between virgin yarn and PET recycled...

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Marcel Alberts

Coating at a fibre level is a practice not usually seen in the...

Eric Scholler

The Indian market has huge potential in technical textiles, and by far,...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Rupa Sood and Sharan Apparao

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


news category

Related Categories:
March 2017

March 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Subscribe today and get the latest News update in your mail box.
Advanced Search