GOVERNMENT OF INDIA
MINISTRY OF TEXTILES
 OFFICE OF THE TEXTILE COMMISSIONER
POST BAG NO. 11500, MUMBAI - 400 020.
Fax: 022 – 2002495, E-mail: texcomindia@txcindia.com


No. 28(19)/2000-MS/                                                             Date: - 31th Octomber, 2002

Circular No. 5
(2002-2003 Series)

Sub: Technology Upgradation Fund Scheme (TUFS).

1. Co-option of additional banks/financial institutions by Nodal agencies.

(i) Industrial Finance Corporation of India (IFCI), the nodal agency (NA) for jute industry under Technology Upgradation Fund Scheme, vide letter No. CCD/TUFS/2002 dated 12-08-2002 and 10-10-2002 has cco-opted Punjab National Bank and State Baank of India as PLIs for jute industry under the TUF Scheme.

(ii) Industrial Development Bank of India (IDBI), the nodal agency (NA) for textile industry (Non-SSI) under Technology Upgradation Fund Scheme, vide letter No. IDBI.HO.TUFS(6) dated 04-09-2002 has co-opted Bank of Rajasthan Ltd. for textile industry under the TUF Scheme.

2. Nomination of additional members in the TAMC

The President, Federation of Indian Textile Manufacturers Association (FAITMA), Mumbai, has been co-opted as a member of Technical Advisory cum Monitoring Committee (TAMC) of TUFS.

3.Clarification/modifications issued by Technical Advisory-cum-Monitoring Committee (TAMC) of TUFS in its 17th meeting hels at Mumbai on 22nd Oct., 2002.

(i) Eligibility of Air compressor 15HP and above :

The existing entry under Annexture D-2 h.1 (15 HP Air compressor) of G.R. on TUFS has been amended as under:

h.1     Air Compressor 15 HP and above.

(ii) Eligibility of spunlace non woven fabric making system :

The existing entry  'g' under Annexure D-2 may be redesignated as 'g' Non-Woven (Spunlace/Jet lace) & the following machines added. The existing entry 'g' is renamed as 'h' and existing entry 'h' is renamed as 'i' and existing entry 'i' is renamed as 'j' respectively.

'g' Non-Woven(Spunlaace/Jetlace)  

1.

 Fibre Opening Machine.
2. High Production card with chute feed triple doffer or roller card with chute feed.
3. web Drafter.
4. Air Laying Machine.
5. Hydro Entanglement Unit.
6. Suction Unit.
7. Engraving Unit.
8. On line Printing Unit.
9. Dryer with single drum and differential temperature.
10. Winder with slitter.
11. Boiler for thermic fluid/oil.

 (iii) Inclusion of machinery for RMG/Made-ups units :

The following machinery for RMG/Made-ups units are included in the Annexure-E at  Sr.No.60 to 63 od G.R. on TUFS as under :

60. Belt Loop attaching machine
61. Button packer
62. Collar Heat Notcher
63. Spot Welding machine

(iv) Conversion of Foreign Currency Loan (FCL) to Rupee Term Loan (RTL) under TUFS :

(a) It is permitted to avail of foreign currency loan (FCL) under TUFS for rupee liability also.

(b) Conversion of rupee term loan (RTL) into foreign currency loan (FCL) and vice-versa on annual basis is permitted under TUFS. The base rate of exchange will be the rate prevailing on the date of conversion of rupee term loan into FCL. The tenture of the loan amount will remain the same subject to the 10 years repayment period and availability of foreign currency line of credit with the lending agency.

The above modifications may please be bought to the notice of all concerned.

     

(Smt Shashi Singh)
(Director)