Apparel Industry Management

Apparel Industry Management 3(3+0)

Lesson 46 : Support System-Banks, Govt. Agencies and Institutions

Bank Support to Apparel Sector

Exim Bank is one of the nodal agencies identified by the Government of India under the Technology Upgradation Fund Scheme (TUFS), to establish and approve the eligibility of the projects and release subsidy directly to the approved projects. The Bank’s assistance under TUFS to the textile industry has been spread across various segments in the textile manufacturing, and covers several states in India.

Bank has been helping units in the textile value chain starting from spinning, weaving and processing to garment making. Bank has helped some of the companies to invest in overseas ventures for manufacturing and marketing, under its Overseas Investment Finance programme. The Bank’s support under this programme include acquisition of a large European company engaged in technical textiles and acquisition of textile retail chains by Indian firms, in Europe and USA that helped them to position in the high-value market place, as also reach to the brand value. In addition, the Bank, through the commercial bank network has supported a number of small units under its refinance programme.