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SISPA urges govt to frame comprehensive fibre policy
12
Sep '16
Coimbatore based South Indian Spinners Association (SISPA) has urged the Union government to frame a comprehensive cotton and synthetic fibre policy. The policy should contain measures that benefit cotton growers and help in sustainable growth of the spinning industry, thereby creating millions of new jobs while fetching additional revenue to the exchequer.
 
The enforcement of single Goods and Services Tax (GST) would benefit the entire textile value chain, the association said at its 25th annual general meeting (AGM). The spinners' body also requested the Centre to direct concerned departments to keep 50 lakh bales of cotton as buffer stock.
 
The association urged the Tamil Nadu state government to amend laws to permit low tension electricity consumers purchase power from private companies. It also requested the government to accept the spinning industry's long-standing request to remove one per cent market committee cess on cotton and waste cotton.
 
The AGM elected K Rangarajan as SISPA president for a two-year team from 2016-18, while N Murugesan, J Selvan and S Jagadesh Chandran were elected vice presidents. (RKS)
 

Fibre2Fashion News Desk – India


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