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Related Keywords: Global Investors Meet, new textile policy, SIMA, SITRA, Tamil Nadu state to announce, Technical textile, Textile Industry, Tirupur Exporters Association, top destination for investment

The Tamil Nadu State would be soon announcing a new textile policy, making the already successful textile industry a top destination for investment, industry experts said at a seminar at the Global Investors Meet (GIM) on Thursday.

Tamil Nadu - the nation’s largest textile manufacturer would be able to corner a lion’s share of the 15 million new jobs that would be generated, with the Indian textile industry poised to touch US$ 500 billion by 2025.

Related Keywords: leading textile group companies in the state, Project Appraisal Committee, promote eco friendly model park, set to establish processing units in park, SIMA, Southern India Mills Association, treatment and disposal of effluents, with latest technology

The Southern India Mills’ Association (SIMA) has taken the responsibility of promoting an eco-friendly model park with the latest technology and 10 leading textile group companies in the State are all set to establish their processing units in the park, said SIMA chairman T Rajkumar, in a press release on Thursday dismissing arguments against the textile processing park in Cuddalore as baseless.

Related Keywords: by ship, cost much lower, initiative to promote coastal shipping, offer incentives, reduce cost, shipping companies agreed, signs MoU, SIMA, start transport cotton from Gujarat, textile spinning mill in Tamil Nadu, transporting cotton through ship, use RO-RO ships, with INSA

Southern India Mills’ Association (SIMA) has signed a MoU (memorandum of understanding) with INSA (Indian National Ship Owners' Association) for transporting cotton through ships. Textile spinning mills in Tamil Nadu to start transport cotton from Gujarat to their units here by ship as the shipping companies have agreed to reduce cost, said T Rajkumar, chairman, SIMA.

Related Keywords: bring down cost, CDRA, cotton collection bag, cotton development and research association, developed handheld kapas plucking machine, launch its sale, on machine, portable with battery powered, reduced value added tax, SIMA, Southern India Mills Association, suit Indian cotton crop

Southern India Mills’ Association (SIMA) Cotton Development and Research Association (CDRA) involved in cotton-seed production and distribution has developed the battery-powered, portable, handheld kapas plucking machine in association with Coimbatore-based Point Industries. The machine is provided with cotton collection bag.

The cotton kappa plucker machine by launched by Chairman of Confederation of Indian Textile Industry Prem Malik in Coimbatore on Friday.

Related Keywords: CAB, CAI, cotton corporation of India, export of cotton to Bangladesh, global tender, growing domestic demand, ICAC, logistics better and easier, plans to tap Vietnam, reworking pricing strategy, SIMA

The Cotton Corporation of India (CCI) has finally decided to come out with global tender for export of cotton to Bangladesh. CCI chose Bangladesh as the logistics are better and easier to manage either by the sea or roadways. China, the world’s biggest buyer, is importing less of the fibre from this year which has affected Indian export.

China has been the largest importer of Indian cotton over the last three years. According to CCI CMD BK Mishra, the response from Bangladesh has been good and should this sale be successful, CCI has plans to tap Vietnam as well.

Related Keywords: Confederation of Indian Textile Industry, Cotton Textiles Export Promotion Council, foreign trade policy, ignored cotton yarn sector, Indian textile industry, not address sector specific issue, on FTA, proposal to focus, second largest employment provider, SIMA, tariff reduction, Textile exporters, Textile mills

Textile industry is the second largest employment provider in the country and whose contribution to the country’s growth has been well recognized. But in terms of strengthening the manufacturing base, promoting exports and generating employment, has not got its dues in the Foreign Trade Policy. Textile mills have expressed disappointment over the foreign trade policy announcement as it does not address some of the sector-specific issues. While, Textile exporters feel let down by the new foreign trade policy (FTP), which they said has ignored the cotton yarn sector

Related Keywords: Lakshmi Machine Works, offering training courses for fitters, PSG institution, set up textile technical training institute, SIMA, technical expertise, Textile Industry

Southern India Mills’ Association (SIMA) and PSG Institutions have set up textile technical training institute where they have started offering training courses for fitters. The training institute would be offering short, medium and long-term courses.

Initially, it was offering four days’ training for fitters and it covered all machinery, accessories and equipment.

As the textile industry was facing acute shortage of manpower for mechanical, electrical and electronic maintenance.

Related Keywords: cotton bales, importing cotton from Gujarat, Indian National Ship Owners Association, reduce cost of transportation, revised rate for transportation, SIMA, Tamil Nadu textile mills, use shipping route

Textile mills in the State of Tamil Nadu to reduce the cost of transportation for importing cotton from Gujarat have started to use the shipping route, instead of road. The volume this year increased to 2,600 containers till January as against 1,200 containers of cotton transported by sea last year from Gujarat to Tamil. It is expected to touch about 4,400 containers by the end of this month.

Related Keywords: cotton price, cotton textile industry, cotton working capital, cut in excise and import duties, higher fund allocation, market of man made textile products, Santoch Gangwar, SIMA, Textile Industry, Textile Minister, TUF

Textile industry are seeking reduction in excise and import duties while pitching for higher fund allocation as it will enable Indian textile industry to achieve a substantial growth rate in the market of man-made textile products as this segment has not achieved any growth rate over a period. In this regard, South Indian Mills Association (SIMA) representatives met Textile Minister Santosh Gangwar.

Related Keywords: Chairman T Rajkumar, drop in cotton prices, increasing yarn stock, Indian textile products, Kiran Soni Gupta, liquidity crunch, MSP operations, poor offtake, SIMA, Souther India spinning mills, TUF subsidies, Union textile commissioner

The spinning mills of southern India is currently facing inevitable liquidity crunch caused by increasing yarn stock, poor offtake and long pending TUF subsidies. Southern India Mills’ Association (Sima) chairman T Rajkumar in his interactive meeting with Union textile commissioner Kiran Soni Gupta on Monday, urged Gupta to expedite the bail-out package to save thousands of small and medium units from becoming non-performing assets.