Related Keywords: conclusion of FTAs, excess production capacity, extend three percent incentive for yarn, five percent for fabrics seven percent for garments and made-ups, global market, M Senthil Kumar, market access policy required, newly elected chairman, SIMA, textile export declining, Textile Industry
The newly elected chairman M Senthil Kumar of Southern India Mills’ Association (SIMA) at its 56th Annual General Meeting held yesterday, said that as the textile industry was equiped with excess production capacity it first and foremost urgently requires market access policy to have a level playing field in global markets.
Therefore, the government should expedite conclusion of Free Trade Agreements with China, EU, Australia, Canada and other countries and gain market access, he added.
