INDIA: TUFS may be extended in 12th Five Year Plan

NEW DELHI: The Ministry of Textile has proposed extension of the Technology Upgradation Fund (TUF) Scheme in the 12th Five Year Plan with an allocation of Rs 158.86 billion, as informed by the Minister of State for Textiles Panabaaka Lakshmi in a written reply to the Lok Sabha.

The minister said, "Government has enhanced allocations under Technology Upgradation Fund Scheme (TUFS) from Rs. 8,000 crore to Rs. 15,432 crore in the 11th Five Year Plan for modernization of textiles industry."

Commenting on the growth in textile exports, she said, "Textiles exports for the year 2011-12 are projected at USD 34 billion." During fiscal 2010-11, the textiles sector achieved exports of USD 26.8 billion.

Reports suggests that the restructured TUFS, introduced in 2012, would continue in the current year (2012-13).

The government has also introduced various provisions in the Foreign Trade Policy (2009-14) for offering incentives/ concessions to the Textiles & Clothing sector exports, which includes incentives for exports to focus markets and exports of focus products, extension of Duty Entitlement Passbook Scheme, interest subvention on pre-shipment credit, duty-free import of trimmings etc.


Send your News/Releases for publication to [email protected]
Added: May 18, 2012 Source: PIB
Start script - 1542125747.2107 Start news id check - 1542125747.2107 After news id check - 1542125747.2111 After cookie_code - 1542125748.632 Before news detail - 1542125748.632 After news detail - 1542125748.6328 Start cat select - 1542125748.6328 After cat select - 1542125748.6331 before preg replace - 1542125748.6331 After preg replace - 1542125748.6331 Before tag engine - 1542125748.6331 After tag engine - 1542125748.6378 Before mptt engine - 1542125748.6378 After mptt engine - 1542125748.6378 Before related engine - 1542125748.6378 After related engine - 1542125748.6401 Before update hits - 1542125748.6402 After update hits - 1542125748.6404 After update news_hits - 1542125748.6478 After mem_only_views - 1542125748.6478 -------------------------------------------------- Total Exec time:- 1.4372000694275
AddThis Social Bookmark Button   Tell a friendBookmark AddThis Feed Button
Related News:

Website design by InWiz • © - 2000-2018. Internet Wizards All rights reserved. About usTerms & ConditionsDisclaimerPrivacy policy • 13-11-2018