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Tag: TUFS

Small Mfgs Find No Benefit From ATUFS
Apparel and Textile News Trade Info News

Small Mfgs Find No Benefit From ATUFS

Small handloom and textile manufacturers are not happy with the Amended Technology Upgradation Fund Scheme (ATUFS) which, they said, could turn out to be disastrous for them and will only benefit big corporate houses. ATUFS was approved by the Cabinet Committee on Economic Affairs (CCEA) on December 30 to replace the Revised Restructured Technology Upgradation […]

ATUFS To Help Investment In Textile Industry
Apparel and Textile News Ministry of Textiles News Trade Info News

ATUFS To Help Investment In Textile Industry

The Southern India Mills’ Association (SIMA) has thanked the Prime Minister for approving the Amended Technology Upgradation Fund Scheme (ATUFS). The Cabinet Committee on Economic Affairs (CCEA), chaired by the Prime Minister yesterday approved the introduction of “Amended Technology Upgradation Fund Scheme (ATUFS)” in place of the existing revised restructured TUF scheme with effect from […]

Tea Requests To Expedite FTA
Apparel and Textile News Trade Info News

TEA Requests To Expedite FTA

Some members of Tirupur Exporters Association (TEA) today met Tamil Nadu BJP president, Tamilisai Soundararajan during her visit to Tirupur and submitted a memorandum to expedite Free Trade Agreement (FTA) with EU, Canada and Australia to help double the export from the state and provide employment to more workers. At the meeting, it was also […]

Tufs May Be Reintroduced Soon
Apparel and Textile News Ministry of Textiles News Trade Info News

TUFS May Be Reintroduced Soon

Since the Prime Minister, Narendra Modi is showing special interest in textile sector, the government is likely to reintroduce the Technology Upgradation Funds Scheme (TUFS) for the textile sector in a few months for the betterment of the industry, textile minister, Santosh Kumar Gangwar has said on the sidelines of the Texprocil award function held […]

TC To Take Up Study On Hank Yarn Demand
Apparel and Textile News Trade Info News

TC To Take Up Study On Hank Yarn Demand

With the textile industry’s strong demand to reduce hank yarn obligation, the textile commissioner, Kavita Gupta plans to take up a study of the actual hank yarn requirement in the country. She said that they are also trying to create a data base for different segments of the textile industry. Regarding the Technology Upgradation Fund […]

CITI
Apparel and Textile News

Additional Allocation Of Funds Under TUFS Sought By CITI

The Confederation of Indian Textile Industry (CITI) has sought additional allocation of around Rs.3, 000 crore under the Technology Upgradation Fund Scheme (TUFS) stating ‘unhealthy’ conditions faced by spinning sector. The additional allocation will help clear the subsidy amount pending for earlier commitments from December 2014 to March 2015 under the TUFS scheme and also […]

Apparel and Textile News Apparel Brands and Companies Ministry of Textiles News

Gangwar Promises To End TUFS Issue

The centre has assured the textile industry that it will soon resolve the issue of pending claims under its Textile Upgradation Fund Scheme (TUFS). The TUFS is an interest subsidy scheme for upgradation of technology as part of measures to boost textile and jute sectors. “The textile industry has been facing issues like non-allocation of […]

Apparel and Textile News Apparel Brands and Companies Ministry of Textiles News

TEA Welcomes ‘Pragmatic Union Budget 2015-16’

President of Textile Exporters’ Association (TEA), A. Sakthivel said the Union Budget 2015 – 16 is a futuristic and pragmatic one which will go a long way in fulfilling the needs of industry and also the people. Finance minister, Arun Jaitley has laid a roadmap for the overall development of economy to enhance the GDP […]

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