Home / Knowledge / News / Textiles / Government preparing to re-launch TUFS
Government preparing to re-launch TUFS
23
Nov '15
Textiles Minister Santosh Gangwar has said that the Government is likely to reintroduce the Technology Upgradation Fund Scheme (TUFS) for the textile sector, a newspaper has reported.

At an award function of Texprocil in Mumbai, Gangwar said Prime Minister Narendra Modi has evinced keen interest in TUFS. He said TUFS would be re-launched in a few months.

The scheme was launched in early 1990s to boost investment into the textiles sector. Under the scheme, five per cent of the total investment for technology upgradation is compensated by the government.

The scheme was described as a great success, attracting massive investment and helping revive the textiles sector.

However, representatives of the textile industry have been pointing out that the sector is in a "bad shape" and the government has not disbursed subsidy amount under TUFS for the period after September 2014.

Late last month, Gangwar had said the Centre would not discontinue and rather restructure it keeping in view the complaints of the textile industry. (SH)

 

Fibre2Fashion News Desk – India

Must ReadView All

Textiles | On 23rd Jan 2017

China’s cotton imports down 39% in 2016

China’s total cotton imports declined by 39.1 per cent to ...tons in...

Textiles | On 23rd Jan 2017

MagnaColours develops new sustainability standard

MagnaColours, manufacturer of printing inks and ink bases, discharge...

Courtesy: ZDHC

Textiles | On 23rd Jan 2017

ZDHC adds six new contributors for sustainability

Zero Discharge of Hazardous Chemicals (ZDHC) programme has added six...

Interviews View All

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Rahuul Jashnani
Jashn

‘Online economy has changed the whole dynamics of buying habits.’

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Rupa Sood and Sharan Apparao
Nayaab

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

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
January 2017

January 2017

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

SUBSCRIBE


Browse Our Archives

GO


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