Related Keywords: infrastructural facilities, man-made fibre hub, MMF textile hub, Modernization, skilled manpower, Surat textile entrepreneurs, TUFS
Surat textile entrepreneurs, the country's biggest man-made fibre hub has welcomed the proposal that the government planned to simplify the Technology Upgradation Fund Scheme (TUFS) and allocate to it Rs 2,500 crore in this financial year.
With the textile industry set to achieve a $50 billion export target, the TUFS scheme is likely to play a major role by improving infrastructural facilities and creating a skilled manpower for the sector. Modernization in the MMF textile hub, which started a few years ago, is geared up to get a major boost in 2014-15.
