Textile sector may get scheme to replace TUF, says Jardosh – ET Retail

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Ahmedabad: Union minister of state for textiles, Darshana Jardosh, on Saturday said that the textile sector may get a new scheme to replace the Technology Upgradation Fund (TUF) scheme, after proper consideration. Interacting with 76 associations of the textile industry at the GCCI Textile Leadership Conclave on Saturday, Jardosh said the government is taking measures to raise cotton yield. She also said that new PM Mitra parks will help India become a leader in the textile industry.

Jardosh said, “The central government is taking initiatives for development of the textile sector, which is the second biggest employment provider after agriculture. There were many glitches in the old TUF scheme which came into effect before 2014. Our government has resolved a number of cases from the old TUF scheme but about 1,500 cases are still pending. The TUF scheme ended in March 2022 and it cannot be reintroduced till these cases are resolved. Industry should provide suggestions for a new scheme and we will think them over.”

She added that the central government announced production-linked incentives (PLI) for the textile sector and seven PM Mega Integrated Textile Region and Apparel Parks (PM MITRA) are being set up in various states including Gujarat.

“We are working to increase cotton yield. Technical textiles are a huge opportunity and we will see growth in this segment,” she said.

  • Published On Apr 10, 2023 at 08:11 AM IST

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