For those who had invested during those 10 months of blackout period were left out and are awaiting a decision on the eligibility of TUF scheme on the blackout period. Photo: Indranil Bhoumik/MintNew Delhi: Government is unlikely to settle theRs.3,000-crore dues towards committed liabilities arising out of ‘blackout and leftout’ period cases under technology upgradation scheme for the textile industry. Otherwise, such decisions of officials will lead to a dangerous situation of closure of these mills,” Binoy Job, secretary general, confederation of Indian textile industry (CITI) said. Our request is to urgently disburse the committed liabilities under TUFS scheme and extend all the export benefits for cotton yarn under MEIS and IES on par with other textile products. “They (liabilities related to the blackout/leftout period cases) will be given a silent burial.

Source: Mint June 12, 2016 08:15 UTC