Home / Knowledge / News / Textiles / SIMA appeals new government to resolve TUFS issues

SIMA appeals new government to resolve TUFS issues

May '19
Pic: Shutterstock
Pic: Shutterstock
To boost job creation and exports, the new government at the Centre should resolve issues related to Technology Upgradation Fund Scheme (TUFS), Southern India Mills’ Association (SIMA) has said. The association has also appealed for release of ₹9,000 crore pending TUFS subsidies on a fast track. The Narendra Modi-led NDA government will take oath on May 30.

The textile industry is the single largest employment provider in India, next only to agriculture. It employs over 110 million people, especially rural women and people below the poverty line, and enables inclusive growth of the nation. Realising this importance, TUFS was launched by the then NDA government in 1999.

TUFS, the flagship programme of the ministry of textiles, attracted over ₹3.75 lakhs crore of investments in during the last two decades and created jobs for more than 10 million people, and enabled the Indian textile industry to become globally competitive and increase its exports.

“The scheme was very effective and industry-friendly till 2007. But later many complications were brought in the guidelines which got further complicated at every stage. This has resulted in a backlog of ₹9,000 crore of TUFS subsidies severely affecting the financial conditions of new investors. This has stalled the potential growth, job creation and forex earnings opportunities of the nation,” SIMA chairman P Nataraj said in a press release.

Nataraj said that resolving issues in the TUFS and releasing the pending TUFS subsidies to the tune of ₹9,000 crore on a fast track would help the industry to create jobs for lakhs of people immediately. He added that resolving the TUFS issues would bring huge investments across the country thus creating jobs for millions of people and boost exports. “The special export garment package and enhanced RoSTCL benefits would yield the desired results only when the TUFS issues are resolved,” he said. (RKS)

Fibre2Fashion News Desk – India

Must ReadView All

Pic: Shutterstock

Textiles | On 27th Jun 2019

World cotton production to rise 5% in 2019-20: USDA

Global cotton production in 2019-20 is forecast to rise 5 per cent...

Pic: Shutterstock

Textiles | On 27th Jun 2019

China to allow overseas traders for cotton futures

China's Zhengzhou Commodity Exchange plans to allow qualified...

Pic: Rivatex

Textiles | On 27th Jun 2019

New Rivatex production line to open soon in Kenya

The turnaround of Eldoret-based textile manufacturer Rivatex East...

Interviews View All

Saket Garg, Garg Corporation

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Top executives, Textile industry

Top executives
Textile industry

Customised t-shirts is not a fad

Anavila Misra, Anavila Collection

Anavila Misra
Anavila Collection

Fashion shows are also encouraging and highlighting sustainable fashion

Awanda Booth,

Awanda Booth

Held every year in New York City, Surtex is a global business-to-business...

Milva Morani,

Milva Morani

Brighi Technologies began in 1970 with trading and repairing sewing...

Will Qian,

Will Qian

Honghua Digital Technology Stock Co., Ltd. specialises in the R&D,...

Davide Vigano, Sensoria

Davide Vigano

Sensoria is a leading developer of smart garments and IoMe (Internet of...

Michaela Griggs & Peggy Schulz, Barco Uniforms

Michaela Griggs & Peggy Schulz
Barco Uniforms

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

Isabel Herranz, European School of Business & innovation

Isabel Herranz
European School of Business & innovation

Cutting-edge ideas like the Internet of Things and artificial intelligence ...

Varsha Wadhwa, VW

Varsha Wadhwa

Coming from a family that ran a business of jute and linen mills since...

Jay Ramrakhiani, Occasions Elegance Wear

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Ritu Kumar, Label Ritu Kumar

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

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

June 2019

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

news category

Related Categories:

Advanced Search