GOVERNMENT RESOLUTION ON TUFS ON TECHNO-OPERATIONAL PARAMETERS
(01-11-2007 to 31-03-2012)
(To be published in the Gazette of India Extraordinary Part I Section I )
MINISTRY OF TEXTILES
RESOLUTION
New Delhi, the November the 1st , 2007.
No.6/4/2007-CTI
Objective:
In spite of a strong and diversified fibre and production base, for various historical reasons, the Indian
textiles industry has suffered from severe technological obsolescence and lack of economies of scale.
The Technology Upgradation Fund Scheme (TUFS), which was introduced on 01.04.1999, has
provided a "fresh lease of life to the textile industry." It has helped overcome technological
obsolescence and create economies of scale. It has also helped in transition from quantitatively
restricted textiles trade to market-driven global merchandise. It has infused huge investment climate in
the textiles sector and in its operational life span of eight years since 01.04.1999 till 31
st March 2007,has propelled investment of more than Rs.86, 000 crore.