Home / Knowledge / News / Textiles / Tamil Nadu to announce attractive textile policy
Tamil Nadu to announce attractive textile policy
Feb '10
An attractive textile policy will be announced soon by the government of the state of Tamil Nadu to promote investment and employment in the sector, said the Chief Minister Mr. M. Karunanidhi during an award function organized by the Cotton Textiles Export Promotion Council (TEXPROCIL).

Speaking at the function, while giving export awards for 2008-09, the CM appealed the investors from other states and other countries to make investments in the textile industrial units of Tamil Nadu, and assured them about offering the required assistance.

He said that around four million workers earn their living from state's textile industry and that the approval for instituting five integrated textile parks at various locations in the state, including, Kumarapalayam, Cuddalore, Vadipatti (Madurai district), Andipatti (Theni district) and Karur had supported the textile investment in the State.

While explaining the initiatives and policy interventions made by the government, he further informed that he had announced a marine discharge project in the Assembly to prevent environmental degradation and enable textile units to meet judicial directives. The Value Added Tax (VAT) had been removed from sales of cotton in the state by Cotton Corporation of India.

Moreover, hank yarn has been exempted from sales tax facilitating around 600,000 handloom weavers. Mr. Karunanidhi praised the Textile Minister Mr. Dayanidhi Maran for releasing the pending amount of Rs.25.4 billion, on time towards arrears under the Technology Up-gradation Fund, and for taking measures to convert the Sardar Vallabhai Patel Institute of Textile Management in Coimbatore into an international textile business school.

The Textile Ministry will set up cotton depots across the nation, if like Tamil Nadu other state governments, too exempt resale of cotton from VAT, stated Mr. Maran. TEXPROCIL Chairman, Mr. V.S. Velayutham urged the CM to facilitate smoother power supply to the sector to fulfill export orders.

Fibre2fashion News Desk - India

Must ReadView All

Apparel/Garments | On 18th Feb 2017

Bangladesh apparel sector has 95% local investors: BGMEA

Over 95 per cent of the total investors in the Bangladesh apparel...

Textiles | On 18th Feb 2017

Smriti Irani resolves cutting of carpets issue at ports

During a meeting held with stake holders of the carpet weaving...

Apparel/Garments | On 18th Feb 2017

Andhra Pradesh inks MoUs to set up 12 apparel units

At the recent CII Partnership Summit held in Hyderabad, memorandum of ...

Interviews View All

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

Rashi Menda

Every fifth sale we make on Zapyle is a repeat purchase

Victor Chao

‘In future, clothing boundary lines will become increasingly blurred.’

Mark Paterson
Technical Absorbents Ltd

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

Johan Berlin
InvestKonsult Sweden AB

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

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Mike Hoffman
Gildan Activewear SRL

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

Pranav Mishra

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Robert Brunner

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


Letter To Editor

(Max. 8000 char.)

Search Companies

February 2017

February 2017

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


Browse Our Archives


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