Tamil Nadu textile industry that accounts for one-third of the textile business, 47 per cent of the spinning capacity providing direct jobs to over 60 lakh people especially to rural masses and women folk and fetching Rs 60,000 crore as forex earnings, is the worst affected in the country under the current unprecedented recession due to raw material / finished goods transport cost and several other factors.
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The plan of Tamil Nadu Handicrafts Development Corporation Limited (TNHDCL) and Confederation of Indian Industry (CII), Tiruchi, to support ventures for large-scale extraction of banana fibre is yet to take off in Tiruchi region.
Amidst protest from local people from various villages near Kariyapatti, Chief Minister Edappadi K. Palaniswami laid foundation stone for Southern Districts Textile Processing Cluster Private Limited and New Industrial Park
A Rs 200 crore zero-waste textile processing park, which would be a boon to the textile industry in Tamil Nadu to get rid of effluent, is to come up at Kariapatti in Virudhunagar district on the border with Madurai.
Tamil Nadu has announced its integrated textile policy, which aims at sustainable growth of the entire textile value chain and promotion of technical textiles.
P Nataraj, Chairman, the Southern India Mills’ Association (SIMA) has thanked the Chief Minister and Minister for Handlooms & Textiles, OS Manian and also welcomed the various benefits announced in the policy.
The Federation of Indian Export Organisation (FIEO) is in talks with various agencies to set up a technical textile cluster in Tamil Nadu, where common facilities, including R&D, could be provided for start-ups, A Sakthivel, Chairman, FIEO (Southern Region), said.