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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


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