Textile industry hails debt recast plan approval

摘要

The Indian textile industry has breathed a sigh of relief with the Finance Ministry showing the green signal for the Textile Ministry's proposals on restructuring about Rs 35,000 crore of the textile industry's debt. Besides, the Textile Secretary Ms Kiran Dhingra has recently hinted at the proposal to of the Government to continue with the Technology Upgardation Fund (TUF) Scheme.Ms Kiran has conveyed to the industry that the Textile Ministry has proposed extension of the TUFS in the 12~(th) Five Year Plan with an allocation of Rs 158.86 billion.