SIMA applauds Tamil Nadu Budget 2021-22

SIMA applauds Tamil Nadu Budget 2021-22

Ashwin Chandran, Chairman, The Southern India Mills’ Association (SIMA) has thanked the Chief Minister M K Stalin for the announcement of creating a separate department for textiles.

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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