Related Keywords: debt restructuring package, textile sector, TUFS
The Government to tackle impede faced by the textile sector had proposed a debt restructuring package for the textiles industry continues to remain grounded, as textile mills, garment and processing units are worried that any further restructuring would render their bank loans into non- performing assets (NPAs). Moreover, it would disallow them from gaining benefits under the Technology Upgradation Fund Scheme and push up their borrowing costs.
