Home / Knowledge / News / Textiles / 'Refurbished TUFs likely soon' – Textile Commissioner
'Refurbished TUFs likely soon' – Textile Commissioner
Mar '11
Mr AB Joshi
Mr AB Joshi
Termination of the Technology Upgradation Fund (TUF) Scheme in June last year, severely hit the large as well as the medium scale units in the textile sector. However, it is expected that the scheme aimed at up-gradation of the textile units in the sector may soon be restored in a renewed form.

Textile Commissioner, A B Joshi revealed that the Scheme was discontinued for the sake of reviewing the present structure, and that the Government is expected to restore the scheme, shortly.

He said this while addressing major industry players at a seminar. Discontinuation of the fund badly hit many of the textile units, and thus the Government was called upon to reintroduce the same.

Further, while the industry was already under distress as the issue was not taken up in the current budget, an excise duty of 10 percent was imposed on branded readymade garments and made-ups by the Finance Ministry, to add to the duress.

The proposal of excise duty faced criticism even from other experts who claimed that, such a move would prove detrimental for the industry and may even affect the sector's hiring ability. An expert even compared the proposed tax to introduction of licence raj in the sector.

Mr Joshi said that, they have updated the government regarding the industry concerns, and will try their best to persuade the government to review the proposal in the best interest of the industry. Further, he even added that some counterbalancing measures would be taken soon.

Fibre2fashion News Desk - India

Must ReadView All

Apparel/Garments | On 25th Jun 2017

Half of 7,000 new apparel online each day target women

Adobe has released its first Digital Price Index for apparels,...

Textiles | On 25th Jun 2017

First Insight, Chico's FAS enter partnership

First Insight, a technology company transforming how retailers make...

Apparel/Garments | On 25th Jun 2017

Expand changing use of social and web resources

With over 400 million impressions to date and web traffic of over two ...

Interviews View All

Arvind Saraf
Triveni Sarees

e-Commerce is still evolving fast with constant flux and surprises

Angelina Francesca Cheang

'Consumers in the age-group 21 to 38 are driving the activewear trend'

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Mohammad Hassan
Biax Fiberfilm

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

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

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:
June 2017

June 2017

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


Browse Our Archives


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