Dashmesh Jacquard & Powerloom is one of the leading and registered manufacturers, suppliers eligible under TUFS for weaving and allied machinery like looms, jacquards, warping and winding machine. The company has been serving the nation since 1979 having exceptional record of success and overwhelming textile engineering industry share.
Browsing: TUFS
Technological upgradation fund scheme (TUFS) was launched in 1999 with the objective of providing credit and capital subsidy to textile and clothing industries to modernise the textile units. This was given to help in enhancing the labour and capital productivity and enhance production of high quality products.
The Indian Government has approved the Amended Technology Upgradation Fund Scheme (ATUFS) in place of Revised Restructured Technology Upgradation Fund Scheme (RRTUFS) with a one-time capital subsidy for eligible bench-marked machinery for a period of seven years from 2015-16 to 2021-22.
The 10th edition of India-ITME is opening on a note of high expectations! The Indian Government´s recent Rs.6,000-cr package & amended TUFS have rekindled exhibitor interest while high-tech wares promise to ignite buyer zest. A cross-section of the textile industry players shares their moods & opinions.
India is one of the fastest growing and promising economies today on the world map. With huge raw material availability and with stable Government, rapid industrial growth is forecasted in near future. Today, textile sector is one of the largest contributors to India´s exports with approximately 11 per cent of total exports.
Gurgaon-based, A M Innospin Systems Pvt Ltd has its manufacturing base at Faridabad which is very well known as the manufacturing hub for precision automotive parts. The company has grown into a multi-activity organisation with the background of textile technologists having vast experience at various levels in the industry. The company specializes in spinning and material handling.
The fiscal incentives in the package, which is expected to cost the ex-chequer an estimated Rs 6,000 crore, include enhanced duty drawback coverage with refund of State levies not being compensated so far, additional funding under the Technology Upgradation Fund Scheme (TUFS) and enhanced scope of income tax exemption under Section 80JJAA of the Income Tax Act.