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

Textiles | On 2nd Dec 2016

Indian currency crisis impacts global cotton market

The currency crisis in India, marked by insufficient supply of new...

Huang Wei from Fiber Raw Material Dept of Sinopec Chemical Commercial Holding speaking at the Forum

Textiles | On 2nd Dec 2016

Huge potential for nylon consumption: Experts

There is huge potential for increase in nylon consumption said...

Apparel/Garments | On 2nd Dec 2016

Aditya Birla Group to establish apparel unit in Odisha

Aditya Birla Retail and Fashion Ltd. (ABFRL) is establishing a new...

Interviews View All

Smita Murarka

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Nuno Venda

‘There has been an increase in demand for water based inks, rather than...

Rahuul Jashnani

‘Online economy has changed the whole dynamics of buying habits.’

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Bani Batra

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

Tony Ward
Tony Ward

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

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing 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

December 2016

December 2016

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


Browse Our Archives


Advanced Search