Home / Knowledge / News / Textiles / Textile Ministry to make another grant under TUFS
Textile Ministry to make another grant under TUFS
Jul '08
The Textile Ministry has asked the Planning Commission to disburse an additional of Rs19,000 million under the Technology Upgradation Fund Scheme (TUFS).

The proposed sum is in addition to the Rs11,000 million already released by the ministry in the first three months of this year.

Financial assistance catered in form of TUFS have been of immense help to enterprises across the value chain of the textile industry, and the Government has been lauded for extending this support till the end of the 11th Five Year Plan. Until then, there is no limit whatsoever, on the amount that can be released.

Experts believe that TUFS have aided various segments of the textile industry in modernizing through installation of the latest and the most advance machineries. Past records will show that despite a strong and diversified fibre and production base, Indian textile industry has always remained aloof from technological obsolescence and lack of economies of scale.

However, with the introduction of TUFS in April 1999, textile industry has been able to overcome these hurdles and has created economies of scale by adopting to better and technologically superior means of production. Besides, it has also made it possible for the sector to undergo transition from a quantitatively restricted textile trade to a market driven global transaction.

Must ReadView All

Textiles | On 25th Mar 2017

GST to positively impact retail value chain: CBRE

The implementation of the Goods and Services Tax (GST) bill in India...

Apparel/Garments | On 25th Mar 2017

Net sales at Christopher & Banks fall 10% in Q4

Net sales totalled $85.0 million for the fourth quarter ended January ...

Courtesy: Li & Fung

Textiles | On 24th Mar 2017

Li & Fung forms new supply chain partnership with PVH Corp

Li & Fung Limited, the world's leader in consumer goods design,...

Interviews View All

Prabu Mohanram
Balavigna Weaving Mills Pvt Ltd

The biggest challenge that the weaving industry faces is high price

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Robert Brunner

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Rupa Sood and Sharan Apparao

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

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