MUMBAI, MAR. 16
Dr. S. K. Sundararaman, Chairman, The Southern India Mills’ Association (SIMA) has lauded Chief Minister of Tamil Nadu, Mr. M. K. Stalin for announcing unique proposals along with necessary budget allocations in the State Budget 2025-26 presented this week to strengthen the global competitiveness of the existing industry in the State particularly the Textiles & Clothing (T&C) industry that accounts 1/3rd of the textile manufacturing capacity of the country.
He said that the T&C industry in the State that accounts for 45% of the spinning capacity, 22% of the power loom capacity, 12% of the handloom capacity, over 60% of the cotton knitted garment capacity of the country has been facing several challenges during the last couple of years due to unprecedented challenges posed by the global and domestic markets.
He lauded the State Government for considering the pleas made by the T&C industry and making special announcements for enhancing the competitiveness of the sector, improving the value-addition, etc. SIMA Chairman said that the budget allocation of Rs.30 crores made for modernizing three years and above old plain power looms into shuttle less looms will help the power loom sector to produce high value added and better-quality products in a cost-effective manner.
He said that the modernised shuttle less looms will enable the power loom weavers to increase their earnings. The announcement made for garment and made-ups segments (cut & sew sector) for establishing common facility centre for fabric cutting using fully automatic computerised fabric cutting machines with an allocation of Rs.50 crores for next five years would greatly help the predominantly MSME garments and made-ups segments across the State particularly the clusters like Tirupur, Karur, Virudhunagar, Chennai, etc., said Dr. Sundararaman.
He also said that the fully automatic computerised fabric cutting machines would help the cut & sew sector to increase the fabric realisation by 7 to 10% depending upon the design, produce latest fashion garments and home textile products with better quality, reduce the cost of production substantially and strengthen the competitiveness of small and medium sized sewing units.
SIMA Chairman stated that the allocation made for technical textiles sector, sunrise sector of the entire textile value chain, by earmarking Rs.15 crores for “Tamil Nadu Technical Textile Mission” would not only encourage the existing textile manufacturers to diversify into technical textiles but also would encourage new investments in this key sector and make Tamil Nadu a leading player in the manufacture of technical textile products.
He has also appreciated Rs.20 crores allocated for the creation of infrastructure such as loom sheds, common facility centres and quality testing laboratories to support exports in powerloom clusters.
Dr. Sundararaman termed the budget as a unique one when compared to any other States in the country as the Government is very keen to modernise the existing manufacturing facilities and sustain its global competitiveness. (Source: Tecoya Trend)