Home >

The TUFS Program Will Help India Become A Major Exporter Of Clothing In The World.

2010/8/18 10:04:00 60

??? 日本語 Fran?ais English 中文

TUFS Clothing Exports To India

India

The Ministry of textiles launched the technology upgrading Fund (TUFS) in 1999, aiming at

textile industry

Attract investment.

TUFS expired in 2007, but the government extended the plan to 2012, when the eleventh five year plan ended.

From June 29, 2010 onwards, the government suddenly announced that the plan was stopped and the bank was notified that it would not be able to increase any investment under this plan.

ShriAshishBagrodia, President of the North India Textile Industry Association (NITMA), said the TUFS plan abruptly stopped, which had an impact on the entire textile industry, and the new investment in the textile industry suddenly came to a standstill.

Since the launch of the FUFS plan in 1999, the government of India has attracted 2 trillion and 73 billion 500 million rupees for the textile industry, creating a large number of employment opportunities for non skilled and unemployed workers. The entire textile chain includes cotton processing and clothing production.

India's textile industry is the largest job creation industry after agriculture.

Because of these investments, 2009-10 years, the local textile industry consumes 25 million bales of cotton and the output of cotton is 29 million 500 thousand packs, so these investments also help farmers, otherwise they can only turn to cotton merchants / exporters.

In 2010-11, India is expected to produce 3200-3250 million bales of cotton.

If TUFS investment continues to be suspended, cotton farmers in India have no choice but to turn to cotton merchants.

India's valuable cotton resources will have to be exported to India's competitive countries.

India immediately resumed

TUFS

Planned investment will be very important and will create jobs for hundreds of thousands of Indians.

On the one hand, the government allocated thousands of rupees to the National Rural Employment Security Act (NREGA). On the other hand, the government found it difficult to allocate funds to the scheme, and the industry itself could create a large number of employment opportunities and reduce the burden of the government.

TUFS's plan to provide loans to the textile industry has never been repaid, so the plan is successful.

It is very important to continue to provide investment in the textile industry.

The government set the target, by 2020 cotton production will reach 48 million 300 thousand packages, and the textile industry needs to increase 1,76510 million rupee investment.

The realization of these goals requires the help of the TUFS plan.

Many textile companies are waiting for investment in this project to help them modernize their factories.

He added that some competitive countries are faced with labor problems, environmental problems, and so on. For example, China, Bangladesh and Pakistan, India today has the opportunity to become a major exporter of clothing in the world.

We hope that India will not miss the opportunity when the quota is abolished in 2005.

He said, I hope that the government will take the overall position into consideration and realize that this plan has greatly promoted the development of India and created a large number of employment opportunities, so as to resume the TUFS plan as soon as possible.