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Madhya Pradesh textile mills seek funds under 12th Plan
09
Jan '13
Textile mill owners of Madhya Pradesh, a central Indian state, have demanded urgent release of funds to boost the state’s textile sector, as it lags behind other states like Punjab, Rajasthan and Tamil Nadu.
 
The Madhya Pradesh Textile Mills Association has sought an urgent package of Rs. 105 billion from the funds allocated for the sector under the state’s 12th Five Year Plan.
 
According to association Secretary M C Rawat, the sum would boost the sector’s production by Rs. 131.25 billion and aid generation of 200,000 jobs in the sector. It would also help in enhancing the capacity of spinning, knitting and processing sub-sectors of the state textile industry, he added.
 
In its pre-budget demands forwarded to the state Finance Minister Raghavji, the association presented a comparative analysis of the state’s spinning capacities, as compared to other states, during 2000 to 2012.
 
Tamil Nadu, as a market leader, had 33.89 percent share of spun yarn production in 2000, which marginally rose to 33.99 percent in 2012. Meanwhile, Madhya Pradesh’s share remained steady at 6.71 percent during the same period.
 
However, in terms of spinning capacity, contributing 38.57 percent of the overall output in 2000, Tamil Nadu’s share grew to 46.01 percent in 2012, while MP’s share grew from 3.82 percent in 2000 to 4.18 in 2012.
 
The figures indicate that Madhya Pradesh still needs to go a long way to reach the levels of Tamil Nadu, in spite of the fact that the state has a comparative advantage over Tamil Nadu in terms of natural resources, the association said.
 
Alongside funds, the association also sought accomplishment of the targets set for the industry in the global investors summit Indore. The targets include adding two million new spindles, boosting fabric production capacity to 2,150 metres per day, knitted fabric production to 800 tons per day and installation of 3,000 new shuttle looms. 
 
Further, to make the textile sector more palatable for the investors, the association even called for liberalizing the pollution control standards, betterment of roads and a cut in taxes including power cess, property tax, entry tax and VAT. 
 

Fibre2fashion News Desk - India


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