Cotton was an Issue, our present Minister Maran is keeping a close tab on the situation and we are very confident that he will ensure that we are not handicapped by the same set of traders whose greed made the government come out with anti national policies of ‘incentivising’ past exports.
In my opinion the biggest challenge that industry faces is; convincing the policy makers that the textile industry is capable of offering better opportunities than NREGA to the unemployed; to be honest I am myself not convinced.
As an industry, we need to do some introspection and make sure that we have in place a minimum wage structure for all textile jobs; link all TUFs rebates to number of provident fund paid employees we have; be more transparent in treatment of water and get rules changed wherever it is impractical rather than manage the inspectors.
If we can with certainty say that we are employing people giving them a better livelihood than NREGA then we should aggressively ask for greater support in line with what China and other countries are getting. If we get equal support, there will be nothing to stop Indian textiles from doubling itself in less than 3 years and creating additional 2.5 to 3 crores good jobs across India.
The support we need is not gratis but a conscious effort to give back all state, central levies, extra cost of in-house power generation (thanks to power shortages in textile dominant states like Tamil Nadu being more or less exclusively borne by textiles).