The TAI President expressing his optimism informed that the Industry has approached the Ministry with their petition seeking continuation of this 'Good Scheme'-as quoted by him. He spoke- “I am sure the industry will put its case in proper format and get the scheme revitalized. The Ministry will surely give it a second thought and set the scheme rolling once again. A few years back also the scheme was withdrawn but was made operative again. They will, we all wish, sure extend the scheme once again, may be with a rider, possibly of a fixed tenure so that the industry acts fast. The chances do seem quite positive as far the Government is considered, but the industry will have to pull its socks and get going quick, before they loose the train for their journey to Modernization.”
Voicing the same concern Shri Ashish Bagrodia, President, Northern India Textile Mills Association (NITMA) revealed- “The sudden suspension of the TUF Scheme has come as a shock to the entire Textile industry and all further investments in the Textile Industry has come to a halt. He brought into notice that even the funds allocated in the budget 2010-11 have not been completely released to the industry, and the industry has received funds only till December 2009.
In his stance the TUF scheme, since its inception in 1999, has been one of the most successful schemes which has brought in an investment of Rs.2,07,350 Crores in the Textile sector and has created huge employment through the entire textile value chain from Ginning to Garmenting. The Indian textile industry is the largest employer in the country after agriculture. Due to TUFS, and these investments as the local industry consumed more cotton, the cotton farmer community was able to get a better livelihood without dependency on traders/exporters. Today, nation is the world's second largest producer of cotton with largest acreage in the world under cotton cultivation.
The country is expected to produce a record crop of 320-325 lakh bales in the coming season 2010-11. Mr Bagrodia fears that if further investments in this sector remain suspended due to suspension of TUFS, then the cotton farmers of our country will have no other option but to remain at the mercy of the traders, and country's precious raw material will have to be exported to its competing countries. In his view, it is important that the TUF Scheme is immediately restored so that value addition is done within our country giving an opportunity to lakhs of employment.
The President NITMA also remarks – “On one hand the government is allocating thousands of crores to the NREGA scheme and on the other hand the same government is finding it difficult to allocate funds for this scheme where the industry itself can create huge employment and reduce the burden on the government.” He draws attention to the success of this scheme, saying- “One can judge from the fact that there have been no defaults by the Textile industryon loans taken from banks under the TUF Scheme.”
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