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With raising working capital becoming increasingly difficult, jewellery exporters have urged the government to grant the sector Rs 6,000 crore under the Technology Upgradation Fund Scheme (TUFS), to save small businesses becoming extinct.
“We are planning to put forth a proposal to the Union Finance Minister Nirmala Sitharaman seeking to extend a TUFS for small business units. We have already discussed the same with the Finance Minister in our last meeting about a month ago. We hope it will be approved for gems and jewellery sector,” said Pramod Agrawal, Chairman, Gems and Jewellery Export Promotion Council (GJEPC) on the side-lines
