Home / Knowledge / News / Textiles / Textile sector worried over delay in publicizing revised TUFS
Textile sector worried over delay in publicizing revised TUFS
08
Sep '10
As the Central Government is taking long to announce the revised Technology Upgradation Fund Scheme (TUFS), it has raised the concern of the textile sector in the country.

Over the past two months, allocation of funds and subsidies for development of the textile industry have been put on hold, as the TUFS is being restructured, and this has brought the modernization process of the textile centres in the country to a standstill.

Previously, the Textile Ministry had declared that it would get the revised TUFS ready by first week of August. But as this has been delayed by over a month, it has raised the anxiety of the textile sector, which is already confronted with issues of rising prices of raw materials, gas and dyes and chemicals.

As divulged by experts, the Textile Ministry has already worked out the revised TUFS policy and the same has been forwarded to the Planning Commission.

Textile sector is now impatiently awaiting implementation of the revised TUFS. Unlike earlier, the Textile Ministry this time has included almost all of the key suggestions and demands of the textile industry in its draft code for revised TUFS.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 23rd Mar 2017

South Korean Samil Spinning acquires Buhler Quality Yarns

South Korean yarn producer Samil Spinning has acquired US based...

Apparel/Garments | On 23rd Mar 2017

E-retailers to pay up to 1% TCS under GST

E-retail marketplaces will need to deduct up to 1 per cent tax...

Textiles | On 23rd Mar 2017

Lanxess to expand chemical intermediates capacity

The Advanced Industrial Intermediates business unit of German...

Interviews View All

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Varinder Singh Jawanda
Trendy Bharat

Sizing and fitting issues are inherent problems for companies expanding...

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

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

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...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

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

news category


Related Categories:
March 2017

March 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