India Textile Industry Extension Project

The industry's request for the extension of the technical pformation Fund (TUF) seems to have been solved to a certain extent.

Ms. Kiran Dhingra, Secretary General of India textile industry, said the TUF plan will continue at least for the time being.

She said,

The Ministry has proposed extending the TUF plan in the twelve five year plan, with an allocation of 158 billion 860 million rupees.

The restructuring plan will pay more attention.

Downstream industries such as processing and high value-added textile production industries.

However, it has not yet been expected to respond, especially in the last year of the 11th Five-Year plan, perhaps because of the weakening of the micro economic situation, she said.

She added that the textile Ministry would have to reexamine and adjust its plans to make it more favorable to the textile industry if its performance did not improve in the year.

In addition, she revealed that the Ministry of textiles has announced that in addition to 40 approved textile parks, 21 integrated textile parks should be established.

Of the 40 textile parks, 24 have already been put into operation, and the other 21 are about to be completed.