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SIMA thanks Minister for clearing TUF subsidy till Sept '13

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Press Trust of India Coimbatore
Last Updated : Jan 23 2014 | 7:48 PM IST
Southern India Mills' Association today thanked Union Textile Minister, K Sambasiva Rao, for clearing the Technology Upgradation Fund subsidy for the quarter ending September last.
It also thanked the minister, for constituting a committee for considering the pending cases of TUF, consequent to a meeting of a delegation from SIMA and Confederation of Indian Textile Industry, which will finalise the list in 10 days and process the issue, SIMA Chairman T Rajkumar said in a statement here.
The release of subsidy would ease the financial position of the mills and enable them purchase cotton during peak season, he said.

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First Published: Jan 23 2014 | 7:48 PM IST

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