SIMA calls for budgetary support to address demands of Tamil Nadu’s textile industry
The Southern India Mills Association (SIMA) has requested the Tamil Nadu government to provide budgetary support for the textile industry. Key demands include funding for workforce upskilling, a mission to promote cotton cultivation, and subsidies for technological modernization.
Why it matters
The textile industry is a major economic pillar in Tamil Nadu, and its growth is tied to state-level industrial policy.
Tamil Nadu's textile industry needs budgetary allocation from the State government to address some of its critical needs for future growth, according to the Southern India Mills Association (SIMA).
The Association said in a press release on Monday that Tamil Nadu's textile industry, employing about 70 lakh people, accounts for nearly 25 % of India's textile business.
With presence across the value chain, the State accounts for 45 % of the spinning capacity, 22 % of the powerloom capacity, 70 % of the cotton knitted garment manufacturing capacity, 40 % of the home textile manufacturing capacity, and 12% of the handloom capacity. It also contributes to nearly 28% of India's textile exports, valued at approximately $ 10.5 billion.
Tamil Nadu is home to 80% of the country's spinning machinery, spares and accessories manufacturing capacity. It's annual contribution for the State GST is over ₹4,500 crore.
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