SITRA, at its recently-held Annual General Body Meeting that was held on September 30, 2016, reconstituted its governing body – The Council of Administration. Dr KV Srinivasan, Managing Director, Premier Mills Pvt Ltd, Coimbatore was elected as the Chairman of the Council of Administration. Sanjay Jayavarthanavelu, Chairman and Managing Director of Lakshmi Machine Works Ltd, Coimbatore was elected as Vice-Chairman of the Council of Administration.
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Sri Lakshmi Fire Controls was founded in 2012 by AS Venkat Krishna, who is well experienced in fire protection field. Sri Lakshmi Fire Controls has a technical collaboration with German-based GreCon, a leader in fire protection system with more than 2,00,000 successful installations around the globe. AS Venkat Krishna, Chief Executive Officer, Sri Lakshmi Fire Controls, spoke to The Indian Textile Journal in an exclusive interview.
On the one side appreciating the bold initiative of demonetisation of the Government, The Southern India Mills’ Association (SIMA) has also lamented the hardships faced by the mills.
Sanjay Jain, Managing Director of TT Limited, was elected as Chairman, Council of Administration, Northern India Textile Research Association (NITRA), the pioneering textile R&D organisation in the country. NITRA elected its new leadership team in its 40th AGM held on September 23, 16 at NITRA Campus, Ghaziabad.
The predominantly cotton based Indian textile industry has been facing acute crisis during the last eight years due to high volatility in cotton prices especially during off season starting from May to September.
As Indian textile industry is an employment generating sector within the manufacturing portfolio, its position is very important in India’s mission on ‘Make in India’. It is very critical that there should be a concerted effort among different stakeholders such as the Government, industry, trade associations, central and state supported R&D laboratories, and academia to advance this sector to the next stage.
In India, the textile industry is the second largest sector, next only to agriculture in terms of its contribution to income (GDP) and employment of the nation. For centuries, it is evolving in process of production, varieties and quality of products and technological progress and cost effectiveness. From the stage of raw cotton to final products, the industry have processes like ginning, spinning, weaving, dyeing and processing and garmenting.