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SIMA applauds Tamil Nadu Budget 2021-22

Aug 18, 2021
SIMA applauds Tamil Nadu Budget 2021-22

Coimbatore, Tamil Nadu

Ashwin Chandran thanked the Tamil Nadu Chief Minister for also considering several recommendations made by the Association and the textile industry and making several announcements. 

Tamil Nadu Government headed by Chief Minister M K Stalin has announced the budget for the year 2021-22 aiming at making Tamil Nadu as the most progressive State not only in the country, but also as one of the well-developed States in the global map.  Tamil Nadu textile industry that accounts 1/3rd of the textile business size of the country has been given a major thrust in the budget announcements for its growth and enhancing the global competitiveness.

 

Though the State had to face unforeseen challenges due to the impact of first and second waves of COVID-19 pandemic and likely threat of third wave, the Chief Minister made all the Ministers to have several rounds of interactions with all the stakeholders and has taken lot of pains to prepare the budget proposals.

 

SIMA Chairman has hailed the announcement of establishing textile parks and SIPCOT facilities that would attract huge investments across the value chain of the industry.  He thanked the Government for announcing Amnesty Scheme for settling the disputes of older cases of Value Added Tax.  He has said that this would create a win-win strategy both for the Government and the industry.

 

Chandran has appreciated the announcement of establishing new Common Effluent Treatment Plants (CETPs) for the benefit of existing processing segments in Erode and Namakkal districts.  Creating new infrastructure for the development of technical textiles in Tamil Nadu is yet another announcement made for the textile industry, says Ashwin.  He has also welcomed the various infrastructure and other announcements made for the growth of the industry in Tamil Nadu.


Image Source: Google Images


Source: SIMA Press Release

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