Tamil Nadu government will release an “enriched textile
policy”, Minister for Handlooms and Textiles R. Gandhi
told the media in India
Inaugurating a five-day Entrepreneurship Development
programme for entrepreneurs in technical textiles, he said
the government had received 100 applications for mini
textile parks and approved 17 so far. Of these, 10 were in
Karur. The State government removed the market cess for
cotton in 2021 and relaxed the norms for mini textile parks
to attract investments. For the entrepreneurship training,
the Central government gave Rs. 10,000 for each candidate
and the State government gave Rs. 5,000 each.
Further, the government will release Rs. 10 crore this year
as interest subsidy for the spinning mills to modernise.
There will also be benefits for powerloom units in measures
to be announced soon, he said.
Senthil Balaji, Minister for Electricity, added that the State
government had increased the free electricity units for
handloom and power loom units.
A. Sakthivel, the honorary chairman of Tiruppur Exporters
Association, said cotton garment production has reached a
saturation and the global market size for technical textiles
was $ 500 billion. The Central and State governments were
offering entrepreneurship development programme to
encourage more people to get into technical textiles.
According to T. Rajkumar, former chairman of the Southern
India Mills Association, an announcement regarding all the
approvals granted for the PM MITRA park at
Virudhunagar is expected from the Central government
soon and this park will come up on 1,000 acres.
.gif "ITMA ASIA + CITMEE")
