The Confederation of Indian Textile Industry (CITI) has asked the Centre to continue with the technology upgradation fund scheme (TUFS) for textile sector in its present form till the end of the 11th Plan period
Another argument here
One of the arguments forwarded in support of this approach, according to Mr Agarwal, is that support to individual companies under the TUFS would be inconsistent with the WTO norms.Who pays?
If so, some of the largest trading countries in the world such as the US and China were too operating support schemes which are inconsistent with the WTO norms.
In many cases, these schemes were being continued despite specific objections from the WTO, he noted.
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