The Technological Upgradation Fund (TUF) programme may be replaced with a new programme for the textile industry after careful evaluation, according to Union Minister of State for Textiles Darshana Jardosh. At the GCCI Textile Leadership Colloquium on Saturday, Jardosh spoke with 76 associations of the textile industry and stated that the government is taking steps to increase cotton yield. She added that the PM Mitra parks will assist India in becoming a global leader in the textile sector. The central government is taking steps to strengthen the textile industry, which is the second largest employer after agriculture, according to Jardosh. The previous TUF programme, which went into force before 2014, had a lot of flaws. Many old lawsuits have been addressed by our administration. TUF scheme, but there are still roughly 1,500 cases outstanding. Once these disputes are decided, the TUF system cannot be reinstated. It expired in March 2022. Industry should make recommendations for a new plan, and we will consider them.
She continued by saying that seven PM Mega Integrated Textile Region and Apparel Parks (PM MITRA) are being established in various states, including Gujarat, and that the federal government offered production-linked incentives (PLI) for the textile industry.
“Our goal is to boost cotton yield. We will see growth in the technical textiles market since there is a great possibility there, she predicted.
