BWI: Restructuring of TUF Scheme on the Cards: Textile Minister Mr Santosh Kumar Gangwar

Source : TEXPROCIL Monday, November 23, 2015 5:10PM IST (11:40AM GMT)   Restructuring of TUF Scheme on the Cards: Textile Minister Mr Santosh Kumar Gangwar 73 awards given during TEXPROCIL Exports Award Function   Mumbai, Maharashtra, India Mr Santosh Kumar Gangwar, Union Textiles Minister stated that restructuring of the Technology Upgradation Fund (TUF) Scheme is under active consideration of the government. So TUFS will be re - launched very soon.                                        He was speaking as the Chief Guest of the Cotton Textiles Export Promotion Council (TEXPROCIL) award distribution function on the eve of 20th November 2015 at Hotel Trident, Mumbai.   Textile Minister expressed his confidence that the recent announcements of the Interest Equalization Schemes, revised DBK rates and the inclusion of additional products/countries will give a boost to the textiles and clothing exports.   Textile Commissioner Dr Kavita Gupta stated that the companies should look at the training programmes as the Government provides Rs 10,000 per trainee to the company that participates in the scheme. The companies would then need to absorb these trainees as employees in the company itself.   Mr R.K. Dalmia – Chairman of TEXPROCIL stated that The Interest Equalization Scheme will provide the much needed boost to exports of cotton textiles as all categories of fabrics and made ups have been covered under the scheme. He urged the government to consider including cotton yarn under the scheme and also to extend the benefit of the scheme to the merchant exporters.   TEXPROCIL Export Awards for 2014-15 were distributed by Mr Santosh Kumar Gangwar, Minister of State for Textiles.  This year TEXPROCIL   distributed 73 awards in 32 different categories, including the coveted Gold trophy for the highest global exports.   Leading textiles manufacturers & exporters like Welspun Global Brands Ltd, Vardhaman Textiles, Trident Ltd, Alok Industries, Arvind Ltd, Century Textiles, Loyal textiles, GTN Textiles, Premier Mills, Paramount Textiles, SEL Group, Lahoti Overseas were some of the recipients of the awards. Photo Caption: Shri R.K. Dalmia, Chairman of TEXPROCIL is seen honouring the Union  Textile Minister with a memento. From Left to right, Textile Commissioner Dr Kavita Gupta, Shri Santosh Kumar Gangwar –Union Textile Minister and Shri R.K. Dalmia, Chairman of TEXPROCIL     Media Contact Details Nirmal Phophalia, +91-9870003933, , newsmenpr@gmail.com   To ensure that you continue to receive email from Business Wire India in your inbox, please add businesswireindia.com to your Address Book or Safe List.   To submit a press release, click here. To unsubscribe or modify your Business Wire India settings, please visit your profile page on Business Wire India. Connect with us on: Facebook | Twitter | Google+