Gujarat show mammoth interest in TUFS with 90pc applications

Gujarat textile industry taking maximum benefit from the Technology Upgradation Fund Scheme (TUFS). In TUFS under 15 percent MMS, 90 percent of the application were received from Gujarat, stated Kiran Soni Gupta, IAS, Textile Commissioner at the meeting held at the Ahmedabad Textile Industries Research Association (ATIRA) between the Textile Commissioner and textile industry stakeholders on Tuesday.

Out of 3200 applications sanctioned to all over India, 2897 applications were from Gujarat in the TUFS under 15percent MMS. Similarly under 20 percent MMS, out of 4154 application sanctioned to all over India, 1160 application were from Gujarat, the Textile Commissioner informed in an official communique. Gupta also informed that under RRTUFS, till date, the Regional Office at Ahmedabad received 1030 applications under 15 percent MMS and 134 applications under 30 per cent MMS from small scale sector.

It was informed by the Textile Commissioner at the meeting that, the government is giving 10 percent capital subsidy in addition to 5 percent interest reimbursement for modernization of technical textile, processing and readymade garment sectors on specified machines.

Similarly, the government is giving 15 percent capital subsidy and 5 percent interest reimbursement for brand new shuttleless looms to strengthen the weaving sector.

Similarly, in the Scheme of Integrated Textile Park (SITP) where government of India has been giving 40 percent subsidy on project cost, a total 61 projects has been sanctioned in the country out of which eight projects are in Gujarat alone, out of which seven projects are functional and one project has been recently sanctioned in Surat and is under implementation.

Gujarat has the highest number of medium and large textile processing houses and is home to more than 50 per cent of India’s processing machinery manufacturers and 90 per cent of weaving machinery manufacturers. Gujarat textile industry Gujarat has unique strengths with respect to the textile industry and is speeding up for major transformation.