Textile industry appreciates amended TUFS

摘要

Crippled by cash crunch, huge debt and less export demand, the Indian textile industry has welcomed amended technology upgradation funds scheme (ATUFS) approved by the Cabinet Committee on Economic Affairs (CCEA) recently. The ATUFS is a diluted version of Revised Restructured TUFS (RR- TUFS) which was introduced for the 12th Plan Period between 2012 and 17 under which 5 per cent of interest subsidy was granted for textile players.