Textile mills seek subsidy for modernisation under TEEM scheme
Textile mills in Tamil Nadu are requesting the Union government to include the spinning and cotton ginning sectors in the Textile Expansion and Employment Mission (TEEM). They argue that subsidies for modernization are essential to remain competitive against global rivals like Bangladesh and Vietnam.
Why it matters
Modernization of the textile sector is critical for India's manufacturing competitiveness and export potential in the global market.
Textile mills in Tamil Nadu have urged the Union government to include the spinning and cotton ginning sectors under the Textile Expansion and Employment Mission (TEEM).
The article presents the industry's request and the economic rationale behind it in a straightforward, objective manner.
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