Tamilnadu textiles and clothing industry accounts for one-third of the textile business size.
Coimbatore: TN Chief Minister M.K.Stalin, having realized the importance of fuelling the growth of the textile industry in the State took several policy initiatives said Ravi Sam, Chairman, The Southern India Mills’ Association (SIMA) Tamilnadu textiles and clothing accounts for one-third of the textile business size.
While 45% of the spinning capacity, 70% of the knitted garment capacity, 40% of the home textiles manufacturing capacity, 22% of the power loom capacity, 12% of handloom capacity, 60% of yarn exports, Tamil Nadu provides direct jobs to over 60 lakh people.
The State having the presence of the whole textile value chain has been playing a pivotal role in the country’s economy as the textile industry is the second largest employment provider of the Nation, next only to agriculture.
In a Press Release issued here today, Ravi Sam, Chairman, The Southern India Mills’ Association (SIMA) has thanked the Chief Minister, M.K.Stalin, Minister for Handlooms & Textiles, R.Gandhi and Minister for Industries, Thangam Thennarasu for the right initiatives.
He appreciated the Government for enhancing the free power supply to the power loom sector from 750 units to 1000 units. He said that this announcement would strengthen the competitiveness of the power loom sector in Tamilnadu benefitting 1.64 lakh power loom weavers who account for around 25% of the woven fabrics production in the country and play a major role in exports.
SIMA Chairman has said that the announcements through the State Budget 2023-24 are initiatives in the right direction, specifically the new SIPCOT industrial parks to be set up in Virudhunagar, Vellore, Kallakurichi and Coimbatore is a welcome move and is the need of the hour.
“The recent announcement by the Union Government, allocating a Park to Tamil Nadu (at a cost of Rs.1,800 crore in Virudhunagar district and for this purpose 1,052 acres of land would be acquired and completed by SIPCOT) through the PM MITRA mega textile park scheme and the infrastructure support extended by the government of Tamil Nadu through this budget, would increase the scale of operation and value-addition,” he said.
This facility is expected to provide infrastructure facility for textile processing, the weakest link in the whole textile value chain.
He has also welcomed the announcement of 10 mini handloom parks with a total outlay of Rs.20 crores to upgrade the standard of handloom products by using the latest technologies and creating market linkages.
Ravi Sam has welcomed the announcement of new industrial parks in the clusters of Virudhunagar, Vellore, Kallakurichi, and Coimbatore at an estimated cost of Rs.410 crore for providing employment opportunities to nearly 22,000 persons.
He has stated that the industrial housing facility to be established in the SIPCOT Industrial Park in Gangaikondan at an estimated cost of Rs.50 crore to accommodate 1,500 employees is a welcome move.
He further appreciated the Government for announcing that a new Textile Policy would be released with a focus on holistic development of the entire value chain, latest design development and textile machinery manufacturing.
He said that it is heartening to note that the GDP growth in the State is higher than the national average showing, a positive sign for future growth. He has hoped that budget announcements would work as a growth engine for the economy of the State.
While 45% of the spinning capacity, 70% of the knitted garment capacity, 40% of the home textiles manufacturing capacity, 22% of the power loom capacity, 12% of handloom capacity, 60% of yarn exports, Tamil Nadu provides direct jobs to over 60 lakh people.
The State having the presence of the whole textile value chain has been playing a pivotal role in the country’s economy as the textile industry is the second largest employment provider of the Nation, next only to agriculture.
In a Press Release issued here today, Ravi Sam, Chairman, The Southern India Mills’ Association (SIMA) has thanked the Chief Minister, M.K.Stalin, Minister for Handlooms & Textiles, R.Gandhi and Minister for Industries, Thangam Thennarasu for the right initiatives.
He appreciated the Government for enhancing the free power supply to the power loom sector from 750 units to 1000 units. He said that this announcement would strengthen the competitiveness of the power loom sector in Tamilnadu benefitting 1.64 lakh power loom weavers who account for around 25% of the woven fabrics production in the country and play a major role in exports.
SIMA Chairman has said that the announcements through the State Budget 2023-24 are initiatives in the right direction, specifically the new SIPCOT industrial parks to be set up in Virudhunagar, Vellore, Kallakurichi and Coimbatore is a welcome move and is the need of the hour.
“The recent announcement by the Union Government, allocating a Park to Tamil Nadu (at a cost of Rs.1,800 crore in Virudhunagar district and for this purpose 1,052 acres of land would be acquired and completed by SIPCOT) through the PM MITRA mega textile park scheme and the infrastructure support extended by the government of Tamil Nadu through this budget, would increase the scale of operation and value-addition,” he said.
This facility is expected to provide infrastructure facility for textile processing, the weakest link in the whole textile value chain.
He has also welcomed the announcement of 10 mini handloom parks with a total outlay of Rs.20 crores to upgrade the standard of handloom products by using the latest technologies and creating market linkages.
Ravi Sam has welcomed the announcement of new industrial parks in the clusters of Virudhunagar, Vellore, Kallakurichi, and Coimbatore at an estimated cost of Rs.410 crore for providing employment opportunities to nearly 22,000 persons.
He has stated that the industrial housing facility to be established in the SIPCOT Industrial Park in Gangaikondan at an estimated cost of Rs.50 crore to accommodate 1,500 employees is a welcome move.
He further appreciated the Government for announcing that a new Textile Policy would be released with a focus on holistic development of the entire value chain, latest design development and textile machinery manufacturing.
He said that it is heartening to note that the GDP growth in the State is higher than the national average showing, a positive sign for future growth. He has hoped that budget announcements would work as a growth engine for the economy of the State.