Home / Knowledge / News / Textiles / TEA hails release of a large amount of interest subsidy under TUFS
TEA hails release of a large amount of interest subsidy under TUFS
07
Aug '09
Thiru. Dayanidhi Maran, Minister of Textiles (06.08.2009) announced the release of interest subsidy of Rs.2,546 crore under the Technology Upgradation Fund Scheme (TUFS) and the amount will be credited to the bank accounts of beneficiaries in the record time of 72 hours (three working days). The Subsidy, with this release, will be cleared upto June 30, 2009.

Shri. A. Sakthivel appreciated the release of a large amount of TUF subsidy first time from the inception of TUF scheme and congratulated the Hon'ble Union Minister of Textiles Thiru. Dayanidhi Maran for his swift action in crediting the borrowers account within three working days.

Shri. Sakthivel also welcomed the constitution of forty one members Working Group under the Chairmanship of Secretary (Textiles) to formulate the National Fibre Policy. The Working Group has representatives from the Government, Trade and user Industry, and it will submit its recommendations within three months.

While commenting on the agenda of the working group, Shri. Sakthivel mentioned that the suggestion given by the group will be useful to promote the synthetic garment exports and added that as the global market is consuming more synthetic based garments, it would be a good opportunity for Tirupur knitwear exporters to increase their exports.

Tirupur Exporters' Association


Must ReadView All

Textiles | On 18th Aug 2017

Turkey imposes temporary duty on POY from 7 countries

Turkish ministry of economy has announced imposition of provisional...

Textiles | On 18th Aug 2017

GST return filing deadline for transitional credit

For businesses who want to avail the transitional input tax credit...

Apparel/Garments | On 18th Aug 2017

AEPC wants clarity on minimum wages for garment sector

The Apparel Export Promotion Council (AEPC) has urged the Indian...

Interviews View All

Evelyne Cholet
UCMTF

‘France had a reputation of being big in new ideas, but poor in marketing...

Manuj Terapanthi
Texaura

Transparent supply chain and fair trade will boost sustainable market

Sachin Sharma
Gem Enviro Management Pvt Ltd

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

Lynda Kelly
Suominen Corporation

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

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...

Silvia Venturini Fendi
Fendi s.r.l

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

Jay Ramrakhiani
Occasions Elegance Wear

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

Robert Brunner
Devereux

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

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

August 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
66.7%
No
16.7%
Skip
16.7%

Total Votes: 30

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
43.3%
No
36.7%
Skip
20.0%

Total Votes: 30

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
83.3%
No
6.7%
Skip
10.0%

Total Votes: 30

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
60.0%
No
10.0%
Skip
30.0%

Total Votes: 30


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search