Home / Knowledge / News / Textiles / TUFS boosts investment in textile sector

TUFS boosts investment in textile sector

Jan '07
Textile Upgradation Fund Scheme (TUFS) has brought revolution in the growth of domestic industry. It has played pro-active and industry-friendly role that has facilitated textile industry becoming a Sunshine Industry.

Till sometime ago, accessing funds under the TUFS programme was perceived to be rigid by some section in the industry.

In past few financial years, a rapid increase in the growth of TUFS can be witnessed.

In 2003-2004, TUFS started to progress by receiving 867 application with total project cost of Rs3356 crore. Out of 884 applications sanctioned, 814 were disbursed with fund of Rs856 crore.

In 2004-2005, number of application received for TUFS stood at 986 and all of them were approved with total project cost of Rs7349 crore. But only 801 applications were disbursed with fund of Rs1757 crore.

During 2005-2006, a change in approved project cost and amount sanctioned can be seen. Although 1078 applications with project cost of Rs15032 crore were sanctioned, only 993 of them with cost of Rs3962 crore were disbursed.

These figures show a positive trend in the growth of TUFS, benefiting textile industry of the country.

As on September 30, 2006, textile units sent 5907 application with project cost of Rs52638 crore and availed Rs12673 crore TUFS loans.

Download pdf

Must ReadView All

Pic: Shutterstock

Textiles | On 25th Sep 2021

EU extends GSP plus status for Pakistan with 6 new conventions

The European Union (EU) has extended its general system of...

Pic: Shutterstock

Apparel/Garments | On 25th Sep 2021

Bangladesh seeks Russian support for ensuring direct exports there

Bangladesh commerce minister Tipu Munshi recently sought Russian...

Pic: Boris-B / Shutterstock.com

Retail | On 25th Sep 2021

US’ Halloween spending to reach $10.14 bn this year: NRF

Consumer spending in the US on Halloween-related items is expected to ...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Quality & affordability to affect market acceptability of new fibres

Textile Industry, Head honchos

Textile Industry
Head honchos

Trainers faced immense challenges as most were not tech-savvy

Textile Industry, Head honchos

Textile Industry
Head honchos

Marry with brand ethos

Raiyan Islam,

Raiyan Islam

Founded in 1981 by Sayeeful Islam, Concorde Garments Group is a market...

Dhruv Toshniwal & Udit Toshniwal,

Dhruv Toshniwal & Udit Toshniwal

Launched a year ago, Fashions Pvt Limited conceptualises and sees D2C...

Dhirubhai & Arvind Shah,

Dhirubhai & Arvind Shah

It supplies synthetic fabrics to top international brands like M&S,...

Michaela Griggs & Peggy Schulz, Barco Uniforms

Michaela Griggs & Peggy Schulz
Barco Uniforms

Founded in 1929, Barco Uniforms started as an apparel company for beauty...

Shujaul Rehman, Garware Technical Fibres

Shujaul Rehman
Garware Technical Fibres

Garware Technical Fibres Ltd (formerly Garware-Wall Ropes Ltd) is a...

Sanjay Raut, Garware Technical Fibres Ltd

Sanjay Raut
Garware Technical Fibres Ltd

Garware Technical Fibres Ltd (formerly Garware-Wall Ropes Ltd) is a...

Gavin Miguel, Label Gavin Miguel

Gavin Miguel
Label Gavin Miguel

Acclaimed fashion designer <b>Gavin Migue</b>l is known for his couture...

Aprajita Toor, Aprajita Toor

Aprajita Toor
Aprajita Toor

The creations by <b>Aprajita Toor</b> were born out of a deep desire to...

Ruma Devi, Gramin Vikas Evam Chetna Sansthan

Ruma Devi
Gramin Vikas Evam Chetna Sansthan

<b>Ruma Devi i</b>s a jet-setting promoter of artisans who has empowered...

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


Leave your Comments

September 2021

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

Advanced Search