Home / Knowledge / News / Textiles / Textile Ministry assents to new TUFS proposals
Textile Ministry assents to new TUFS proposals
Aug '10
Recently, the Union Minister of Textiles, Dayanidhi Maran consented to most of the demands put forward by the sector experts in connection with the revised Technology Upgradation Fund Scheme (TUFS). The same has been welcome by the textile industry.

It is believed that these draft proposals for the revised TUFS will be put up before the Cabinet for its approval within the next 10 days.

The revised TUFS scheme, which most likely would be announced by end of the month, is seen to greatly benefit the weaving, processing and technical textile industries.

As revealed by sources, the Textile Ministry has even granted its' nod to prior proposal of granting 25 percent direct capital subsidy to the weaving industry, as also to other individual preparatory units such as two-for-one (TFO), winding and warping machines.

Capital subsidy of 20 percent will be granted to the Small Scale Units (SSIs) in the processing and garment sector with investments not above Rs. 50 million. Whereas, the converter industry in the technical textile sector with investments up to Rs. 50 million will be bestowed with a capital subsidy of 25 percent, as also with interest subsidy of five percent.

Also the Textile Minister has approved the proposal for extending five percent interest subsidy and 10 percent capital subsidy on the modern machines set up in the fabric processing industries.

India holds immense potential to be a major player in the technical textile sector. As such, the 25 percent capital subsidy and five percent interest subsidy granted to the converter industries would all together change the face of the textile sector.

Fibre2fashion News Desk - India

Must ReadView All

Union textiles minister Smriti Irani addressing at the Texprocil Annual Export Awards. Courtesy: PIB

Textiles | On 22nd Oct 2016

Govt to extend special package to home textiles segment

The Central government is likely to extend the recently approved Rs...

Reebok Liquid Speed Grey. Courtesy: Business Wire

Apparel/Garments | On 22nd Oct 2016

Reebok’s Liquid Factory brings sneaker creation to US

Reebok, a pioneer in the sporting goods industry, has brought sneaker ...

Courtesy: GHCL

Textiles | On 22nd Oct 2016

GHCL to invest Rs 67.25 crore in textile division

Chemicals and textiles firm GHCL will invest Rs 67.25 crore in its...

Interviews View All

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Vasanth Kumar
Max Fashion India

‘Traditional high-street retailers are now willing to offer franchisees to ...

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Marcel Alberts

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

Igor Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Pranav Mishra

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

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

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

October 2016

October 2016

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


Browse Our Archives


Advanced Search