Tamil Nadu's upcoming textile policy aims to bolster Tiruppur's position in the apparel value chain. The policy focuses on modernization, technical textiles, and export promotion, as announced at the 51st India International Knit Fair.
Coimbatore: Dharmendra Pratap Yadav, Principal Secretary of Handlooms, Handicrafts, Textiles and Khadi Department, announced on Wednesday that Tamil Nadu's new textile policy will be designed to reinforce Tiruppur's prominent position in the apparel business value chain.
Speaking at the inauguration of the 51st India International Knit Fair in Tiruppur, Yadav emphasized the need to expand the manufacturing sector's contribution to the state's GDP, given its employment potential. The fair, organized jointly by the Indian Knit Fair Association (IKFA) and the Apparel Export Promotion Council (AEPC), focuses on the theme "Preserving Our Planet by Innovation and Circularity."
Yadav expressed optimism about Tiruppur, which accounts for ₹35,000 crore in export business and ₹25,000 crore in domestic trade, taking the lead in Environment and Social Governance (ESG). He highlighted the sector's role in women empowerment, with females comprising 80% of the workforce.
The Principal Secretary outlined several initiatives to boost the textile industry:
1. A ₹500 crore corpus to offer 6% interest subvention for industries modernizing their machinery, aimed at upgrading the spinning sector.
2. Increased focus on technical textiles and export scaling in the industrial policy.
3. Allocation of ₹25 crore for a design center to research new manufacturing and processing methods aligned with global trends.
A. Sakthivel, Chairman of IKFA, noted that 40 out of 100 participating buying houses/agents were from other countries. He also mentioned the Tiruppur Exporters' Association's efforts towards creating a 'Green Tiruppur.'
K.M. Subramanian, president of TEA, expressed hope for a 10 percentage point increase in diversification to man-made fibers (MMF) by Tiruppur manufacturers from the current 20%.
Industry experts, including Rohit Aneja from NIFT Alumni Association, Rohini Suri from IKFA, and Sanjay Shukla from Triburg, stressed the importance of swift diversification into man-made fibers. Shukla pointed out that 70% of global trade is in MMF, and mastering polyester production would put Tiruppur and India on the right development path.
Speaking at the inauguration of the 51st India International Knit Fair in Tiruppur, Yadav emphasized the need to expand the manufacturing sector's contribution to the state's GDP, given its employment potential. The fair, organized jointly by the Indian Knit Fair Association (IKFA) and the Apparel Export Promotion Council (AEPC), focuses on the theme "Preserving Our Planet by Innovation and Circularity."
Yadav expressed optimism about Tiruppur, which accounts for ₹35,000 crore in export business and ₹25,000 crore in domestic trade, taking the lead in Environment and Social Governance (ESG). He highlighted the sector's role in women empowerment, with females comprising 80% of the workforce.
The Principal Secretary outlined several initiatives to boost the textile industry:
1. A ₹500 crore corpus to offer 6% interest subvention for industries modernizing their machinery, aimed at upgrading the spinning sector.
2. Increased focus on technical textiles and export scaling in the industrial policy.
3. Allocation of ₹25 crore for a design center to research new manufacturing and processing methods aligned with global trends.
A. Sakthivel, Chairman of IKFA, noted that 40 out of 100 participating buying houses/agents were from other countries. He also mentioned the Tiruppur Exporters' Association's efforts towards creating a 'Green Tiruppur.'
K.M. Subramanian, president of TEA, expressed hope for a 10 percentage point increase in diversification to man-made fibers (MMF) by Tiruppur manufacturers from the current 20%.
Industry experts, including Rohit Aneja from NIFT Alumni Association, Rohini Suri from IKFA, and Sanjay Shukla from Triburg, stressed the importance of swift diversification into man-made fibers. Shukla pointed out that 70% of global trade is in MMF, and mastering polyester production would put Tiruppur and India on the right development path.