The Confederation of Indian Textile Industry (CITI) has elected the following new office-bearers at its First Meeting of the Committee held in Mumbai on September 20, 2017: Sanjay K Jain as Chairman; T Rajkumar as Deputy Chairman; and DL Sharma as Vice Chairman.
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The politics of Goods and Services Tax (GST) Bill may take some more time to sort out, but its basic impact on various industries can be analysed beforehand. GST and its impact on the textile sector was the hot topic of discussion at the recently-concluded 58th Annual General Meeting of Confederation of Indian Textile Industry (CITI), held at Hotel ITC Maratha, Mumbai on September 28, 2016. Speaking on GST were: Sachin Menon and Santosh Dalvi from KPMG, and Sanjeev Saraf and Dilip Dixit from BSR & Associates.
S anjay K Jain, Managing Director, TT Limited, was elected as President of Northern India Textile Mills’ Association (NITMA), the apex body of textile industry in North India. NITMA elected its new leadership team in its AGM held on July 15, 2016 at New Delhi. Rajiv Garg, MD of Garg Acrylics was elected as Sr VP and Manish Bagrodia was elected as Vice President. Hardyal Singh Cheema, the outgoing president, handed over the baton to the new team.
The announcement of portfolios for Prime Minister Narendra Modi’s new-look Cabinet saw some big portfolio changes among the existing ministers. In one such change, Smriti Irani will now take charge as Textiles Minister. She has taken over from Santosh Kumar Gangwar, who has now been given the Finance department. Ajay Tamta will also be given an active role in the Textiles Department. Irani was earlier the Minister of Human Resource Development. She joined the Bharatiya Janata Party in 2003. She became Vice President of the Maharashtra Youth Wing in 2004.
The International Textile Manufacturers Federation (ITMF) 2016 will be held between November 17-19, 2016 at Jaipur. Hosted by the Confederation of Indian Textile Industry (CITI), the three-day conference expects a mammoth gathering of more than 400 delegates including textile industry leaders, senior government officials and experts from across the world. The conference will offer a chance for textile manufacturers to interact with global leaders in the industry, experience new innovations in the industry and learn changing policies in global trade.
The National Skill Development Corporation (NSDC) has announced Pradhan Mantri Kaushal Vikas Yojana Scheme (PMKVY) to facilitate the unemployed youth to get trained, certified and placed in various manufacturing sectors and gives financial assistance ranging from Rs 6,000 to Rs 12,000 depending upon the skill level and also Rs 2,500 for the existing employees to undergo recognition of prior learning training and get certificates.
The Indian textile industry, employing over 105 million people, has been pleading for several urgent measures relating to Technology Upgradation Fund (TUF) scheme, levies on man-made fibre duties, enhanced incentives under Focus Market Scheme to compensate partially, the disadvantages in the tariff rates for Indian textile products prevailing in various countries till the FTAs are finalised.