Indian Texpreneurs Federation (ITF) has welcomed the Centre’s approval the Amended Technology Upgradation Fund (TUF) Scheme of Rs 17,822 crores for the textile sector.
“By this timely support, the textile industry, particularly in Tamil Nadu, will get major benefit because major TUF pending was towards Tamil Nadu textile industry,” ITF Secretary Prabhu Dhamodharan said in a statement.
Dhamodharan said the government, in the last few months, the government had announced much needed support initiatives like exports incentive and Interest Equalisation Scheme for fabrics and garments. With all these support measures, the textile industry is confident about moving up the value chain and demonstrate its commitment for 'Make in India' initiative, he added.
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