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Textile Minister promises early end to TUFS imbroglio

The Centre, on Saturday, assured the textile industry that it would soon resolve the issue of pending claims under its technology upgradation scheme.

The Textile Upgradation Fund Scheme (TUFS) is an interest subsidy scheme for upgradation of technology as part of measures to boost textile and jute sectors.

“The textile industry has been facing issues such as non-allocation of around Rs.3,000 crore to meet pending cases under TUFS, which include committed liability, left out cases and blackout period.

“I had a talk with the Finance Minister and the Prime Minister about this issue, and I can assure you that the issue will be resolved soon,” Textiles Minister Santosh Gangwar told textile traders here. Mr. Gangwar also suggested the industry to take up the issue with the Prime Minister.

“I will request Gujarat to give some suggestions to Prime Minister Narendra Modi. I met him (Mr. Modi) four days ago and spoke on the issue... he listened to me but did not give an answer. If you people will write to him, he will surely offer a solution,” he said.

He was replying to textile traders on TUFS issues, including non-allocation of subsidy and delayed reimbursement, at Gujarat Chamber of Commerce and Industries (GCCI) here.

Talking about technical textile sector, the Minister said the business of the sector was estimated at about Rs.17 lakh crore, while India’s contribution was just around Rs. 1 lakh crore.

“The Prime Minister keeps a tab on this sector, and, therefore, projects of Rs.425 crore have been approved especially for the north-eastern States. Gujarat has the ability and the State has been making good efforts to become the hub of technical textile,” Mr. Gangwar said.

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Printable version | Mar 7, 2021 9:47:58 PM | https://www.thehindu.com/business/textile-minister-promises-early-end-to-tufs-imbroglio/article7093206.ece

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