Home / Knowledge / News / Textiles / CITI Chairman emphasizes on skill development in textile sector
CITI Chairman emphasizes on skill development in textile sector
03
Oct '11
Confederation of Indian Textile Industry (CITI) Chairman highlights financial problems and skill development needs of textile industry. The 53rd Annual General Meeting of Confederation of Indian Textile Industry (CITI), the apex chamber of the textiles and clothing industry, was held in Mumbai on 30th September 2011.

Shri Shishir Jaipuria the outgoing Chairman pointed out in his address to the AGM that the textile sector of the country has gone through a very difficult period during the last 6 – 9 months and is currently facing problems in repayment of loans because of their financial conditions. He has requested for some liberalization in the norms for restructuring of term loans so that mills turning into NPA can be avoided.

Shri Shishir Jaipuria highlighted the skill development requirements of the textiles and clothing industry for meeting its requirements of workers on a longterm basis. He announced that CITI would be undertaking a large skill development project aiming at training around 1.5 million workers for the industry during the next 10 years.

Shri Jaipuria pointed out that interference of Government with the operations of the spinning industry, especially export of cotton yarn, and continued Excise Duty, Customs Duty as well as Anti Dumping Duty on Manmade Fibres have contributed substantially to the present situation of the industry. He welcomed the removal of restrictions on export of cotton yarn and hoped that government would establish a conducive policy framework for the industry to recover from its present crisis.

Click here to read more details

Confederation of Indian Textile Industry (CITI)

Must ReadView All

Textiles | On 27th Feb 2017

Surat to get a mega textile park, centre of excellence

The textiles ministry is positively working on the proposals for a...

Apparel/Garments | On 27th Feb 2017

Myanmar sets up new committee to revise minimum wage

The Government of Myanmar has set up a new committee, replacing an...

Courtesy: Invista

Textiles | On 27th Feb 2017

Invista explores alternatives for apparel & textile trade

Invista, one of the world's largest integrated producers of chemical...

Interviews View All

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Evelyne Cholet
UCMTF

‘France had a reputation of being big in new ideas, but poor in marketing...

Anavila Misra
Anavila Collection

Fashion shows are also encouraging and highlighting sustainable fashion

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
February 2017

February 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search