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Ministry of Textiles of the Republic of India

07/23/2021 | Press release | Distributed by Public on 07/23/2021 05:52

Centre Takes Series of Measuresfor Technology Upgradationand Modernization in Textile Industry

Ministry of Textiles

Centre Takes Series of Measuresfor Technology Upgradationand Modernization in Textile Industry

Posted On: 23 JUL 2021 5:18PM by PIB Delhi

With a view to catalyze technology upgradation and modernization in textile industry in the country to make it globally competitive, Ministry of Textiles is implementing Technology Upgradation Fund Scheme (TUFS) since 1999. The ongoing version of the scheme i.e. Amended TUFS (ATUFS) launched in January 2016 aims to augment investment, productivity, quality, employment, exports alongwith import substitution. One time capital investment subsidy (CIS) is provided under ATUFS for eligible investment on benchmark machinery. Rates of CIS provided to various segments along with ceiling under ATUFS is given in Annexure-I.

The Government has approved Scheme for Remission of Duties and Taxes on Exported Products (RoDTEP) for all export goods excluding garments and made-ups with effect from 01.01.2021 to boost exports and for making them globally competitive. Under this scheme, embedded Central, State and local duties/taxes are refunded to the exporters. On 14.07.2021, the Government has decided to continue Rebate of State and Central Taxes and Levies (RoSCTL) Scheme w.e.f 01.01.2021 till 31.03.2024 for textile exporters of Apparel/Garments (Chapters-61 & 62) and Made-ups (Chapter-63) in exclusion from RoDTEP scheme for these chapters.

Annexure-I

S. No.

Segment

Rate of CIS

1.

Garmenting, Technical Textiles

15% subject to an upper limit of Rs 30 crores

2.

Weaving for brand new Shuttle-less Looms (including weaving preparatory and knitting), Processing, Jute, Silk and Handloom.

10% subject to an upper limit of Rs 20 crores

3(a)

Composite unit /Multiple Segments - If the eligible capital investment in respect of Garmenting and Technical Textiles category is more than 50% of the eligible project cost.

15% subject to an upper limit of Rs 30 crores

3(b)

Composite unit/ Multiple Segments - If the eligible capital investment in respect of Garmenting and Technical Textiles category is less than 50% of the eligible project cost.

10% subject to an upper limit of Rs 20 crores

This information was given in a written reply by the Minister of State for Textiles Smt. DarshanaJardosh in Lok Sabha today.

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