Home / Knowledge / News / Textiles / TEA hails release of a large amount of interest subsidy under TUFS
TEA hails release of a large amount of interest subsidy under TUFS
07
Aug '09
Thiru. Dayanidhi Maran, Minister of Textiles (06.08.2009) announced the release of interest subsidy of Rs.2,546 crore under the Technology Upgradation Fund Scheme (TUFS) and the amount will be credited to the bank accounts of beneficiaries in the record time of 72 hours (three working days). The Subsidy, with this release, will be cleared upto June 30, 2009.

Shri. A. Sakthivel appreciated the release of a large amount of TUF subsidy first time from the inception of TUF scheme and congratulated the Hon'ble Union Minister of Textiles Thiru. Dayanidhi Maran for his swift action in crediting the borrowers account within three working days.

Shri. Sakthivel also welcomed the constitution of forty one members Working Group under the Chairmanship of Secretary (Textiles) to formulate the National Fibre Policy. The Working Group has representatives from the Government, Trade and user Industry, and it will submit its recommendations within three months.

While commenting on the agenda of the working group, Shri. Sakthivel mentioned that the suggestion given by the group will be useful to promote the synthetic garment exports and added that as the global market is consuming more synthetic based garments, it would be a good opportunity for Tirupur knitwear exporters to increase their exports.

Tirupur Exporters' Association


Must ReadView All

New US alliance to promote postal package delivery service

Textiles | On 15th Aug 2018

New US alliance to promote postal package delivery service

A group of US retailing, e-commerce and logistics firms recently...

Courtesy: Industriall Union

Apparel/Garments | On 15th Aug 2018

IndustriALL-Esprit agreement to improve workers' rights

IndustriALL Global Union recently signed a global framework agreement ...

Indian minister orders fresh consultations on e-com policy

Textiles | On 15th Aug 2018

Indian minister orders fresh consultations on e-com policy

Indian commerce and industry minister Suresh Prabhu has asked for...

Interviews View All

Evelyne Cholet
UCMTF

‘France had a reputation of being big in new ideas, but poor in marketing...

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Manoj Sorathiya

Surat-based Sunrise Imports & Exports Co is a manufacturer and...

Mala Alwani

<div>Delhi-based fast fashion womenswear brand, Besiva, aims to bridge the ...

Pierre Wiertz
EDANA

EDANA, the international association serving the nonwovens and related...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Alfonso Marra
Klopman

It was in 1968 that Klopman introduced the concept of poly/cotton workwear ...

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Cigdem Akin
Cigdem Akin

She has carved a niche for herself as the national brand of Turkey. Her...

Tony Ward
Tony Ward

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

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

Leave your Comments


August 2018

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

news category


Related Categories:

Advanced Search