Related Keywords: appealed to Union government, budgetary allocation, for TUFS to clear dues, meet liabilities of backlog period, release additional funds, Southern India Mills’ Association, subsidy amount, textile units, working capital
The apex body of textile mills in the South, Southern India Mills’ Association has appealed to the Union Government to release additional funds of Rs. 5,500 crore for the Technology Upgradation Fund Scheme to clear the dues (subsidy amount) that need to be paid to the textile units under the scheme.
Hundreds of textile units in the country would be shut down if the Technology Upgradation Fund (TUF) subsidy is not released on time, said SIMA.
