Home / Knowledge / News / Textiles / SIMA urges Centre to frame comprehensive textile policy
SIMA urges Centre to frame comprehensive textile policy
03
Jun '14
The Southern India Mills’ Association (SIMA) has urged the newly-elected Indian Government to come up with a comprehensive textile policy to spur growth, according to a Times of India report.
 
SIMA chairman T Rajkumar has requested Prime Minister Narendra Modi to review the draft recommendations made by the Ajay Shankar committee and announce a new integrated textile policy as soon as possible.
 
He suggested that a cotton stabilization scheme comprising seven percent interest subvention would help the growth of the cotton textile industry in Tamil Nadu, which accounts for over 40 percent of India’s spinning capacity.
 
He also suggested increasing credit limit from three months to eight months and also reduction of margin money from 25 percent to 10 percent so that the farmers get better price for their produce.
 
The early implementation of the country-wide Goods and Services Tax (GST) would also help the industry, according to SIMA.
 
The association also recommended that the Indian Government should conclude a free trade agreement (FTA) with the European Union.
 
The SIMA chairman also drew attention to the favourable textile policies put in place by Gujarat and Maharashtra governments and requested Tamil Nadu Chief Minister Jayalalithaa to announce a unique textile policy to enable the state’s industry to compete with those states.
 
Mr. Rajkumar urged the state government to frame an effective policy for attracting large-scale investments in shuttle-less looms, weaving and modern textile processing facilities.
 

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 27th Apr 2017

Maharashtra govt working on second textiles policy

The textiles department of the government of Maharashtra is working...

Apparel/Garments | On 27th Apr 2017

EC takes action to make garment sector more sustainable

The European Commission (EC) has presented a set of focused actions...

Textiles | On 27th Apr 2017

Seven new organisations join ZDHC Programme

The Zero Discharge of Hazardous Chemicals (ZDHC) Programme from...

Interviews View All

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Hannah Lane
Redress

Encouragement from brands will motivate supply chains to become more...

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Larry L Kinn
Suominen Corporation

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

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

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

news category


Related Categories:
April 2017

April 2017

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

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X