India Textile Industry Welcomes The Government's Extension Of The Revised Technology Fund Plan.

As a result of the sudden cancellation of the TUF plan subsidy, India Punjab textile industry The worst in history financial crisis The textile industry welcomes the federal government's decision to extend the revised plan to March 2012.

The Cabinet Committee on economic affairs suspended the TUF plan in June 29th. Bank freeze payment And stop accepting new applications.

Industrialists say that according to the decision made by the cabinet committee in March 31st, the 2011-12 year of this year will be the last year of the TUF plan. It is expected that the textile entrepreneurs of textile factories will be given the last opportunity to strive for the greatest benefits of the revised plan.

Entrepreneurs say the India cabinet Economic Affairs Committee (CCEA) has approved the newly revised TUF plan, clearing 74 billion 40 million rupees settlement funds and accepting new applications.