Comments
The Ministry of Textiles has been asked to formulate a restructuring plan for the textiles industry in consultation with Ministry of Finance and the Reserve Bank of India.
The exercise is aimed at addressing issues such as moratorium on repayment of TUFS (Textile Upgradation Fund Scheme) loans, packing credit in foreign currency to be made available by banks, working capital assistance and interest subvention on export of textiles and clothing.
The Minister for Commerce, Industry and Textiles, Mr Anand Sharma, asked for the restructuring plan to be readied after a meeting with stakeholders in textiles sector on Monday.
The meeting was part of structured dialogue that the Minister has initiated with the industry, an official statement said. It was attended by representatives of all the major industry bodies.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.