CITI sought additional allocation of funds under TUFS for spinning sector

Related Keywords: additional allocation of funds, CITI, Confederation of Indian Textile Industry, improve its competitiveness, spinning sector, Textile capital intensive industry, TUFS, under Technology Upgradation Fund Scheme, upgrade technology

Coimbatore
CITI sought additional allocation of funds under TUFS for spinning sector
Summary: 
The Confederation of Indian Textile Industry (CITI) on Friday sought additional allocation of around Rs.3,000 crore under the Technology Upgradation Fund Scheme (TUFS) stating unhealthy conditions faced by spinning sector.

The Confederation of Indian Textile Industry (CITI) on Friday sought additional allocation of around Rs.3,000 crore under the Technology Upgradation Fund Scheme (TUFS) stating unhealthy conditions faced by spinning sector.

The additional allocation will help clear the subsidy amount pending for earlier commitments from December 2014 to March 2015 under the TUFS scheme and also for new investments this year.

http://www.business-standard.com/article/pti-stories/spinning-sector-seeks-rs-3-000-cr-fund-under-tufs-115061201278_1.html
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Xinjiang plans 20 bn yuan fund to support textile industry

Related Keywords: cotton growing area, create job, fund, textile development plan, textile industrial parks, Textile Industry, upgrade technology, Xinjiang

Beijing
Xinjiang plans 20 bn yuan fund to support textile industry
Summary: 
China's Xinjiang Uygur Autonomous Region prime cotton-growing area, which produces about 60 percent of China's cotton on less than 40 percent of the country's cotton-growing land, aims to create 1 million jobs in the textile industry within the next decade. To support its textile industry has decided to pump 20 billion yuan (about 3.2 billion U.S. dollars) fund.

China's Xinjiang Uygur Autonomous Region prime cotton-growing area, which produces about 60 percent of China's cotton on less than 40 percent of the country's cotton-growing land, aims to create 1 million jobs in the textile industry within the next decade. To support its textile industry has decided to pump 20 billion yuan (about 3.2 billion U.S. dollars) fund.
 

http://www.shanghaidaily.com/article/article_xinhua.aspx?id=230598
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