South India

Revenue minister RV Deshpande on Sunday urged Prime Minister Narendra Modi to respond to the slowing economy by slashing goods and services tax (GST) rates, which he said, will give a leg-up to the manufacturing sector in these times of serious crisis. The PM’s steps on the GST front will have a positive effect on employment as youths are getting…Read more
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The Indian textile industry has started facing problem as competing nations like Pakistan, Vietnam, Cambodia, South Korea, Bangladesh started getting larger benefits and open window market access. Textile industry to enhance its exports wants low tariffs or duty free access.C K Narayanasaami, Chairman, SIMA Cotton Development & Research Association and K Selvaraju, Secretary General, Southern India Mills' Association (SIMA) met…Read more
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Southern India Mills' Association (SIMA) today blamed Cotton Corporation of India for always quoting the price of the commodity much higher than the actual market rate and sought Union Textile Ministry's intervention into the matter. Pointing out that Cotton Corporation of India (CCI)'s this practice results in speculation, SIMA asked the ministry to direct CCI to have a transparent and…Read more
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COIMBATORE: Textile mills in the region have blamed state-run Cotton Corporation of India (CCI) for quoting higher prices. They have also said that CCI did not release quality cotton for more than two months which has affected the user industry adversely. The Southern India Mills' Association (SIMA) said that CCI was always quoting prices that were much higher than the…Read more
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Chairman of The Southern India Mills' Association (SIMA) T Rajkumar, has appealed to Prime Minister to announce slew of policy initiatives to create a level playing field for the textile industry which employs over 110 million people to compete in the global environment and achieve the envisaged growth rate.At a press conference, Rajkumar said that the industry could achieve over Rs…Read more
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Bogged down by high input costs and subdued demand, cotton spinning mills are going slow on production. To take stock of the situation, representatives of the Confederation of Indian Textile Industry, South India Millers' Association, North Indian Millers Association, and Texprocil met in New Delhi on Monday.In the meeting, it was decided to appoint an agency to study the gravity…Read more
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As cotton textile mills in Telangana reel under a severe shortage of raw cotton, the Telangana Spinning and Textile Mills Association (TSTMA) has urged the state government, ministry of textiles and Cotton Corporation of India (CCI) to rescue this labour and capital intensive industry, according to media reports.   Textile Mills in Telangana require at least 50,000 bales per day…Read more
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Coimbatore, March 20:   The State Government should cut the value-added tax levied on cotton, cotton yarn and synthetic yarn to 2 per cent so as to safeguard the interests of the spinning sector and the livelihood of workers dependent on them, according to the Indian Chamber of Commerce and Industry, Coimbatore. It also wants the government to liberalise the…Read more
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The two organizations have called-off their strike following an assurance from the State government to address the issues raised by the two bodies. Earlier on November 10, the two organizations had given a call to suspend cotton trading demanding simplification of the process of refunding the VAT collected on purchase of cotton. The two organizations had also demanded reduction of…Read more
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