Rs 2,500-cr subsidy for textile units

摘要

With India's export oriented textiles industry among the worst hit by the global economic downturn, the government has thrown it a lifeline by promising to release within three days Rs 2,546 crore in overdue subsidies under the Technology Upgradauon Fund Scheme (TUFS). This is the single-largest subsidy tranche released under the scheme to date and will reimburse textile firms for investments made up to June 30 this year.