Related Keywords: ATUFS, global market access, increase disbursal, low cost of manufacturing, Make In India event, Santosh Kumar Gangwar, Textile Industry, Union Minister of Textiles, upgrade technology
The government had initially estimated disbursal of Rs18,000 crore under the Technology Funds Scheme (TUFS) but with the increasing interest from the textile industry and the opportunities that lie ahead government is now looking to disburse textile funds of around Rs 30,000 crore under ATUFS scheme by 2022, said Santosh Kumar Gangwar, union minister of textiles, independent charge on the sidelines of the Make in India event held in Mumbai.
The amount marks a 67% increase in disbursals from its original plan, Gangwar added
