SIMA seeks measures to address issues related to raw materials for textile industry
.. -
September 20, 2024 The Central government should address issues related to raw materials used by the textile industry, said S.K. Sundaraman, chairman of the Southern India Mills Association (SIMA).
In a press release issued by the Association on Tuesday after its annual meeting, the SIMA said the government should come out with a Technology Mission on Cotton (TMC) to increase cotton production and productivity and address the inverted duty structure for manmade fibre (MMF).
The government had announced a special package last cotton season to encourage indigenous seed technology for high density planting of cotton crop, improve agronomy practices, and to promote cultivation of extra long staple cotton. The phase one of trial projects in these areas saw 30% to 60% increase in productivity and phase II trials were progressing.
Most viewed
- Amid weak demand, cotton price surge adds to woes of yarn mills
- India’s cotton yarn exports to surge by 85-90% in FY2024: ICRA
- BTMA signals minimum wage structure for cotton textile sector within next two weeks
- State further subsidises power supply to textile industry till 2028
- Centre willing to procure jute and cotton crop if prices fall below MSP : Goyal
- New Rule of Payment to MSMEs Causes Uncertainty in Textile Markets
- ASEAN delegation to visit India on 17 Feb for FTA review
- Bank fraud case: Textile baron Neeraj Saluja sent to 5-day police remand
- Boosting trade relations with India
- New MSME payment rule leads to many cancelled orders
Short Message Board
Cotton Live Reports
Visiter's Status
Visiter No. 35540330Saying...........
The greater the funding, the longer it takes to make the mistake.
Tweets by cotton_yarn