Textiles industry urges minister to end its woes

Regarding man-made fibre, they demanded rationalisation of the duty structure of polyester and viscose fibre to enable Indian textile industry access man-made fibre at international prices, so that the industry could tap the vast opportunities in the global MMF apparel market.

The textile industries can look forward to discuss and solve their issues concerned at a meet to be convened in Delhi in July. “The industrial heads from across Tamil Nadu can meet up for a discussion in Delhi to find solutions to issues concerning them,” Radhakrishnan said.

Muralidhar Rao, who also addressed the industrialists, said the challenge for the BJP government in the coming days is not over getting new investments or projects, but addressing stressed capital.

"After investing huge sums, if the investor fails to complete the last mile and get the project up and operational, huge sums - be it bank money or other borrowings, go waste. We have to address this issue, else the Make in India campaign will not become a meaningful exercise," Rao told the textile entrepreneurs.

After lending a patient ear to the industry's appeal on various issues, Rao said "for the first time in many years, I see you starving."

He said that revival of the economy is going to be the test and the government is committed to it and urged the participants to gear up for a seminar in Delhi to highlight the industry's achievements and vision. (SH)

Fibre2fashion News Desk – India