TUFS helps textile industry reach investment target
20 Jun '06
1 min read
Following rise in private investments within the textile industry, investments under government's Technology Upgrade Fund Scheme (TUFS) are supporting the industry to reach the targeted investment level of Rs140,000 crore by 2010.
Every year, amount sanctioned under TUFS is doubled and therefore, industry is hopeful of achieving the targeted investment requirement by 2010.
Total investments required during 2002-2010 period has been estimated at Rs140,000 crore.
Since the scheme covers about 50 percent of total investments, industry experts believe that as per the current trend, investments provided under TUFS could easily reach the targeted amount before 2010.
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