Related Keywords: choking mill sector, D Prabhu, Indian textile industry, Jayant Sinha, Minister of State for Finance, prospective investors, Secretary Texpreneurs Forum, subsidy disbursement, TUF scheme
The Textile ndustry seeks immediate government intervention as the inordinate delay in disbursement of TUF subsidy is impacting the working capital requirements of the respective units. Technology Upgradation Fund scheme has helped the textile industry to transform into a technologically advance industry but on the other end the delay in TUF subsidy disbursement is choking the mill sector.
