The Tiruppur Exporters’ Association (TEA) and The Southern India Mills’ Association (SIMA) have welcomed the ‘pragmatic’ budget presented by Tamil Nadu today. The two associations have hailed the state’s decision to improve infrastructure to promote technical textiles in the state and the announcement of creating a separate department for textiles.

TEA president Raja M Shanmugham said in a press release that setting up a separate department for textiles will help focus more on the growth of the textiles and garment sectors and exports. He added that the common effluent treatment plants at Erode and Namakkal will boost the growth of the textile industry in the state.

The setting up of State Industries Promotion Corporation of Tamil Nadu (SIPCOT) Parks at an expense of ₹1,500 crore with plug-and-play facilities has been a regular demand of the Tiruppur knitwear sector and that will help attract investment from Tiruppur-based entrepreneurs, Shanmugham said.

He also welcomed the announcement to constitute a new metropolitan development committee for four cities, including Tiruppur.

Ashwin Chandran, chairman, SIMA, has also hailed the announcement of establishing textile parks and SIPCOT facilities, creating new infrastructure for the development of technical textiles in the state as well as the decision to establish new common effluent treatment plants for the benefit of existing processing segments.

Chandran thanked the government for announcing Amnesty Scheme for settling the disputes of older cases of Value Added Tax.

Published On : 13-08-2021

Source : Fibre 2 Fashion