Home / Knowledge / News / Textiles / SIMA thanks TN CM for textile industry schemes
SIMA thanks TN CM for textile industry schemes
02
Sep '15
T Rajkumar, Chairman of the Southern India Mills' Association (SIMA) has thanked Tamil Nadu Chief Minister J Jayalalithaa for announcing a slew of schemes aiming at creating value addition in the state. Rajkumar said that though the Central Government had announced the Integrated Processing Development Scheme long back, the scheme is yet to take off. He appreciated the initiative taken by Jayalalithaa in developing IPDS park by extending 25 per cent capital subsidy, SIMA said in a press statement.

Rajkumar said that the Association would take a lead and make the implementation of Integrated Processing Development Scheme of Ministry of Textiles, a reality. SIMA is already in the process of developing a world class dedicated textile processing park at Cuddalore under the Scheme for Integrated Textile Parks. According to Rajkumar, the proposed IPDS parks would give an opportunity and solution for all the small and medium wet processing entrepreneurs in the Salem, Karur, Erode, Tirupur, Coimbatore and Madurai textile clusters.

He thanked the Chief Minister for forming an Advisory Committee under Chairmanship of Minister for Handlooms and Textiles. The SIMA chief said this Committee would play a greater role in laying the road map for sustained growth of textile industry in Tamil Nadu and make the State a hub for textile manufacturing, product development, innovation and value addition in textile products. He has conveyed that the Association being the oldest and largest employers' for textiles in the country would play a larger role in the Committee and would extend all the support to achieve the Vision 2023 set by the CM.

Rajkumar hailed the announcement of extending a financial support up to Rs.2.5 crore to the Integrated Textile Parks which would provide ample opportunity for the handloom and powerloom sectors to focus on consolidation, integration and value addition which are the pre-requisites to achieve a sustained global competitiveness and growth. He also welcomed 15 per cent discount announced for silk cloth sales to bring down the stocks and also for continuing State contribution and also providing Centre's portion of contribution for certain schemes which the Central Government had discontinued extending the benefit.

He said the announcement of additional power generation capacities in Tamil Nadu would soon make the State not only power surplus, but would also enable the manufacturing sector to get quality power at a highly competitive rate and soon TANGEDCO could become the best power servicing sector across the country.

Rajkumar said that the textile industry is also anxiously waiting for few more important announcements during the GIM meet scheduled on September 9 and 10 and hoped that the State would come out with unique value addition Textile Policy soon. (SH)

Fibre2Fashion News Desk – India

Must ReadView All

Apparel/Garments | On 20th Jan 2017

Christopher & Banks revises fourth fiscal guidance

Specialty women's apparel retailer Christopher & Banks Corporation...

Textiles | On 19th Jan 2017

Pakistan imposes duty on Indian fine cotton yarn

A provisional countervailing duty ranging from Rs 26.89 to Rs 55.8 a...

Textiles | On 19th Jan 2017

Union Budget: Textile sector expects excise duty revisions

Excise duty on man-made fibres should be reduced to bring it on par...

Interviews View All

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Suresh Patel
Sidwin Fabric

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

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Judy Frater
Somaiya Kala Vidya

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

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

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
January 2017

January 2017

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

SUBSCRIBE


Browse Our Archives

GO


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