Roop Rashi, Textile Commissioner, has said that Indian textile industry should grab the space left by China and focus on the value addition challenges.
She added that the Government would only extend policy support to the industry.
The Textile Commissioner was addressing the 14th CEO Conference of The Southern India Mills’ Association (SIMA) SIMA TEXPIN 2020 virtually on the theme ‘Competitiveness of the Indian Textile Industry in the Global Market’.
She further added that the problem that the industry faces today due to COVID-19 is short-term.
“The structural issues on raw material will be addressed very soon. But, it is for the industry to utilise the opportunities, diversify, innovate, scale-up and build global brands. Despite all the odds due to COVID-19 and other challenges, the industry should keep working and should know how to manage the operation with the crisis,” she added.
Ashwin Chandran, Chairman, SIMA, highlighted the issue of pending TUF subsidy and requested to commence the JIT immediately with necessary precautions and also simplify the guidelines and protocols so that the scheme becomes industry friendly.
He also raised the issue of enough cotton stock and good expected production and said that there is urgent need to announce a special package for boosting cotton consumption by including all the cotton textile products under IES, MEIS and RoSCTL/RoDTEP and also announced a special incentive of 4 per cent for cotton yarn, 5 per cent for fabric and 6 per cent for garments and made-ups to boost exports and increase cotton consumption.
Along with this event, the 61st Annual General Meeting of The SIMA was also held.
Ashwin Chandran, Ravi Sam and Dr. SK Sundararaman were re-elected as Chairman, Deputy Chairman and Vice-Chairman, respectively, for the year 2020-21.
