TUFS Plan Will Help India Garment Export

　　 India Spin The ministry launched the technology upgrading Fund (TUFS) in 1999 to attract investment in the textile industry. TUFS expired in 2007, but the government extended the plan to 2012, when the eleventh five year plan ended.

From June 29, 2010, the government suddenly announced that it would stop the plan. Bank It is notified that no investment can be increased under this plan. Shri Ashish Bagrodia, 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 stopped.

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 Investment In the 2009-10 years, the local textile industry consumes 25 million bales of cotton and the output of cotton is 29 million 500 thousand packs. Therefore, 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's immediate resumption of TUFS 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 invest 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 and 765 billion 100 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.