The Southern India Mills Association (SIMA), an apex body of spinners in India, appealed to the new Central Government to resolve Technology Upgradation Fund (TUF) issues to boost job creation and exports.
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The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, has approved continuation of the Credit Linked Capital Subsidy and Technology Upgradation Scheme (CLCS-TUS) beyond 12th Plan for three years from 2017-18 to 2019-20.
With regard to the Inclusion of Machinery Manufacturer under Amended Technology Upgradation Fund Scheme (ATUFS), the Office of the Textile Commissioner has issued Circular No. 9 — Circular No.ES/360/2016-17 (2016-2017 Series) dated March 27, 2017