Coimbatore, known as the textile hub of Tamil Nadu, houses a large number of small, medium and large textile mills. It also has textile research institutes like the Central Institute for Cotton Research (CICR), South Indian Textiles Research Association (SITRA) and the Sardar Vallabhai Patel International School of Textiles and Management.
Browsing: SIMA
The Amended Technology Upgradation Fund Scheme (A-TUFS), which has come as a breather to the crisis-ridden textile industry, is expected to spur investment to the tune of $15 billion.
The Southern India Mills’ Association (SIMA) representing the organised textile industry in South India
The predominantly cotton-based textile industry has become highly competent in terms of operational efficiency with the state-of-the-art technology, skilled manpower, high productivity, high quality, etc.
The predominantly cotton based textile industry has been producing almost 75 per cent of the spun yarn from cotton and therefore, this industry has been subjected to crisis due to volatility in the prices.
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.