The textile industry has huge potential to generate jobs in coming years, said Union Minister of Textiles, Commerce & Industry and Consumer Affairs, Food & Public Distribution, Shri Piyush Goyal at an event in Coimbatore today.
While inaugurating SIMA Texfair 2022, 13th edition in its series, international textile machinery, spares, accessories & services exhibition conducted by The Southern India Mills’ Association (SIMA) at CODISSIA Trade Fair Complex, Coimbatore on 25th June, 2022, Shri Goyal emphasized that the Centre is promoting both cotton and man-made textile sector so that it gets a larger share of world market thereby increasing jobs opportunities as well as investment.
“In all sectors, we want to become a global industry. We want to capture the world market” he said adding on that under the guidance of PM, the Centre is working actively with different countries to finalise free trade agreement that will give zero-duty access to textile sector in world market. It’s because of the good relations of the PM with world leaders, India is getting global respect today.
In his inaugural address, Shri Piyush Goyal appreciated the invention capabilities and entrepreneurial skills of Tamil Nadu especially the twin cities viz., Coimbatore and Tirupur. He stated that Tamil Nadu would become the largest hub for textiles, pumps, wet grinders, critical components manufacturing etc., in the world and boost the economic growth of the Nation. He highlighted from Farm to Fabric, Fabric to Finished Products, Finished Products to Fashion products and then finally to Foreign Products, India has a major share in the entire value chain. He said that he admires the entrepreneurial skills of the people of Coimbatore. The city has many MSMEs & large-scale industries for textiles, Kovai Cora cotton Saree is GI tagged and is world-famous
.In his address, Dr.L.Murugan, Union Minister of State for Information & Broadcasting, portrayed numerous policy initiatives taken by the NDA Government led by Hon’ble Prime Minister, Shri Narendra Modi. He stated when the entire world was reeling under grave recession due to the ill-effects of the COVID pandemic, the unique policy measures taken by the Union Government could not only make the country to fight the war against Corana but also to achieve a record export of 440 billion USD. He also reiterated the initiatives taken by the Government to stabilize the cotton prices by removing the 11% import duty on cotton and also allocating one Textile Park for Tamil Nadu.
Shri R.Gandhi, Minister for Handlooms & Textiles, in his address appreciated the support extended by the Union Government, especially Hon’ble Minister of Textiles for the growth of the handlooms and textile industry in Tamil Nadu, especially the removal of 11% import duty on cotton. He requested to allocate more funds for the growth of the industry in Tamil Nadu. He highlighted the various policy initiatives taken by the Hon’ble Chief Minister, Shri M.K.Stalin for the growth of textile industry and to retain Tamil Nadu as the numero one State in the country. Shri Gandhi also thanked the Union Government for allocating one PM MITRA park for Tamil Nadu.
In his address, Shri R.Sakkarapani, Minister Food & Civil Supplies highlighted the contribution made by Tamil Nadu in terms of GDP, industrial production, exports especially by MSME clusters in Coimbatore, Tirupur, Erode and Dindigul. He requested Union Textile Minister to resolve the cotton crisis, provide necessary funding support for cotton development across the country.
Shri T.Rajkumar, Chairman, Confederation of Indian Textile Industry, briefed about the continuous efforts made by Shri Goyal for making Indian textiles & clothing industry achieve 44.2 billion dollars exports during the year 2021-22 despite unprecedented challenges, record growth in the history of the textile industry. He stated that under the leadership of Shri Goyal, the industry would be in a position to grow leaps and bounds. He pointed out the formation of Textile Advisory Group under the Chairmanship of Shri Suresh Kotak, a senior expert and veteran in cotton, who has already formed two Sub-Committees to augment cotton production and improve seed technology in the country.
Shri Ravi Sam, Chairman, SIMA appreciated and thanked the Hon’ble Prime Minister and Hon’ble Union Minister of Textiles for taking several path-breaking policy initiatives and enhancing the global competitiveness, fostering the growth of the textiles and clothing industry and making the industry create a record of achieving 44.2 billion US dollars during the year 2021-22 despite unforeseen challenges posed by COVID pandemic. He stated that certain policies like removal of anti-dumping duty on MMF and its raw materials, refund of embedded taxes through RoSCTL / RoDTEP, unique policy measures announced for MSMEs including the relaxation of eligibility criteria, production linked incentive scheme, PM MITRA scheme, etc., fueled the growth of the industry.