Home / Knowledge / News / Textiles / SIMA Chairman appeals for removal of irks
SIMA Chairman appeals for removal of irks
11
Nov '09
The turning around of the global economic crisis started showing lights for a bright future and its effects are being felt in the Indian textile industry, which has strong raw material base, skilled workforce, entrepreneurial skills, established international markets and fast growing domestic needs. In a Press Release issued here today, Mr J Thulasidharan, Chairman of The Southern India Mills' Association has said that the textile industry, which has been facing worst ever crisis in the history during the years 2007, 2008 and 2009, started recovering from the recessionary pressures. He informed that the industry already started realizing better profitability in all the major products in the domestic markets and the industry hopes to regain its glory in the international markets as well.

Mr Thulasidharan deeply worried over certain serious issues regarding cotton at national level and acute power shortage and labour issues in Tamil Nadu. SIMA chief pointed out that these three components account for 80% of the total cost of production for the textile mills and therefore these costs decide the profitability and the survival of the textile mills in the globalized environment. Though India could occupy the second position in the global clothing trade, in the recent past, it started losing this advantage due to various negative policies announced by the State and Central Governments thus totally eroding the competitiveness of the mother industry which employ 90 million people directly and indirectly.

Mr J Thulasidharan has appealed to the State and Central Governments to announce proactive policies with regard to cotton, power, labour and create a level playing field so as to enable the Indian textile industry to have a healthy competition with its competing countries like China, Pakistan, Thailand, Sri Lanka, Bangladesh, Indonesia, etc. The textile industry is single largest industry which has made an investment of over Rs.1,60,000 crores during the last decade for technology upgradation, capacity addition, etc., and created new jobs for almost five million people across the country directly and indirectly particularly for the women from rural areas.

Click here for more details.

Southern India Mills' Association


Must ReadView All

Apparel/Garments | On 25th Jun 2017

Half of 7,000 new apparel online each day target women

Adobe has released its first Digital Price Index for apparels,...

Textiles | On 25th Jun 2017

First Insight, Chico's FAS enter partnership

First Insight, a technology company transforming how retailers make...

Apparel/Garments | On 25th Jun 2017

Expand changing use of social and web resources

With over 400 million impressions to date and web traffic of over two ...

Interviews View All

Smarth Bansal
Colorjet India Limited

We would like to venture more companies into the Indian market

Manuj Terapanthi
Texaura

Transparent supply chain and fair trade will boost sustainable market

Anshul Sood
Oceedee

‘Indian footwear market is nascent and largely a trend follower’

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Silvia Venturini Fendi
Fendi s.r.l

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

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

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:
June 2017

June 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