YnFx logo
FacebookFacebookFacebook

News Tags

warning: Creating default object from empty value in /var/www/html/html/vhosts/ynfx_drupal/modules/taxonomy/taxonomy.pages.inc on line 33.

Govt aims for modernization in powerloom sector allocates Rs 11,952 cr

Related Keywords: 12th plan period, allocate funds, capital subsidy, interest reimbursement, margin money subsidy, Modernization, powerloom sector, RR_TUFS, Textile Park

Under the Revised Restructured Technology Upgradation Fund Scheme (RR-TUFS) to be implemented during the 12th Plan period, government has decided to allocate funds worth Rs.11,952 crore to bring modernization in the powerloom sector.
 

Surat textile entrepreneurs eagerly await for simplified TUFS

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.

Copyright © 2014 Centerac Technologies Limited. All Rights Reserved
-->
feedback button