One of India’s textile- and apparel-specific associations – Tirupur Exporters’ Association (TEA) has welcomed the issuance of Amended Technology Upgradation Fund Scheme (ATUFS) guidelines for its implementation during the period January 1, 2016 to March 31, 2022.
As per the latest amended TUFS, the rate of capital investment subsidy is 15 per cent on eligible machines for garment segment and the Capital Investment Subsidy (CIS) per individual entity is Rs. 30 crore. Under the scheme, only new machineries are permitted and accessories/attachments/sample machines/spares received along with the machinery up to a value of 20 per cent of the machinery cost, will also be entitled to the benefits.
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Elaborating more on the scheme, Dr. A. Sakthivel, President of TEA averred that as ATUFS is available for five years, the exporting units will plan accordingly and make their decisions as per the proposed investment for modernization/capacity expansion to stay competitive.
Dr. Sakthivel appreciated the efforts made by the Government and thanked Union Minister of Textiles, Santhosh Kumar Gangwar; Rashmi Verma IAS, Secretary; Pushpa Subrahmanyam, Additional Secretary, Ministry of Textiles; and Dr.Kavita Gupta IAS, Textile Commissioner.
Bharat Tex Special Report 2026 
