Circular No. ES/139 /2018-19 August 3, 2018
To: Members of the Council
Sub : Revised Resolution of “Amended Technology Upgradation Fund Scheme (ATUFS)” in supersession of GR dated 29th February, 2016
We would like to inform you that the Ministry of Textiles has issued Revised Resolution of “Amended Technology Upgradation Fund Scheme (ATUFS)” vide Resolution dated 2nd August, 2018.
As you are aware, the Ministry of Textiles had notified the Amended TUFS (ATUFS) dated 13th January, 1.2016. In accordance to the said Resolution, the Ministry had laid down certain Guidelines of ATUFS i.e. financial and operational parameters and implementation mechanism for ATUFS during its implementation period from 13.01.2016 to 31.03.2022.
The amended scheme would give a boost to “Make in India” and “Zero effect and Zero defect” in manufacturing in the textiles sector. It will also give a boost to employment generation and exports in the textile sector in a big way.
Further, this scheme would facilitate augmenting of investment, productivity, quality, employment, exports along with import substitution in the textile industry. It will also indirectly promote investment in textile machinery (having benchmarked technology) manufacturing.
The ATUFS benefit is available for the benchmarked machinery under the Scheme for various Textile Sectors including Weaving, Weaving Preparatory and knitting, Processing of fibres, yarns, fabrics, garments and made-ups, Technical textiles, Garmenting/made-up manufacturing, Handloom Sector etc.
The major changes in the Revised Resolution are as follows –
The Revised Resolution of “Amended Technology Upgradation Fund Scheme (ATUFS)” is attached herewith.
Members please make a note of the above and do the needful accordingly.