In this interview, Ashwin Chandra, Chairman, The Southern India Mills’ Association (SIMA), delves into challenges ailing the spinning industry.
Browsing: Southern India Mills’ Association
While Indian spinners are benefiting from the higher global cotton yarn demand at present, the re-emergence of the Covid 19 pandemic could play a spoilsport, says Rakesh Rao
Southern India Mills’ Association (SIMA) said that stopping textile units in Tamil Nadu during night hours and on Sundays would affect the production activities, exports and also the jobs of several lakhs of workers.
On November 11, 2020, the Union Cabinet gave its approval to extend the PLI scheme to textile products along with nine other new sectors entailing additional financial outlay of Rs 1,460 billion over a five-year period.
The textile industry, being highly capital, labour and power intensive, is facing acute crisis.
Ashwin Chadran of SIMA has stated that the Ministry is also planning to launch a scheme “Nirmal Cotton Mission†with CCI as a nodal agent that would go a long way to make Indian cotton to become the best quality cotton in the world.
Ashwin Chadran of SIMA has stated that the Ministry is also planning to launch a scheme “Nirmal Cotton Mission†with CCI as a nodal agent that would go a long way to make Indian cotton to become the best quality cotton in the world.