The Hank Yarn Obligation Scheme (HYO) was introduced during 1963 directing the mills to pack 50 per cent of domestic weaving yarn delivery in hank form.
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In the post-GST implementation period, the exports of garment and made-ups have been struggling due to inadequate export benefits and tariff barriers in the global market.
PNataraj, Chairman, The Southern India Mills’ Association (SIMA), has welcomed the announcement of Rs 6,000 per year for the farmers having below two hectares of land under Prathan Mandri Kisan Samman Nidhi Programme giving effect from December 1, 2018 as the same would benefit millions of cotton farmers.
The Southern India Mills’ Association (SIMA), the single largest employer’s organisation for the organised textile industry in the country, has planned to come out with its 12th edition of TEXFAIR 2019, the largest expo for textile machinery, spares and accessories during August 9-12, 2019 at CODISSIA Trade Fair Complex, Coimbatore.
The cotton stakeholders across the textile value chain have been demanding to bring back technology mission on cotton in a revised format.
The technology mission on cotton announced during 1999 got closed in the year 2012 that had made India as the largest cotton producer and net exporter in the world.
The 59th Annual General Meeting of The Southern India Mills’ Association (SIMA) was held on September 7, 2018 at The Residency Towers, Coimbatore.