Updated Feb 01, 2021 | 19:41 IST
Welcoming the budget, president of Tirupur Exporters Association Raja M Shanmugham termed it as a pragmatic one presented to address all issues in the sectors Textile industry welcomes announcement on parks in Budget
Coimbatore: The textile industry on Monday welcomed the Union Budget presented by Finance Minister Nirmala Seetharaman, particularly the announcement on textile and apparel parks.
In a statement here, the Indian Texpreneurs Federation (ITF) appreciated the thrust given to the textile sector by proposing the seven mega integrated textile region and apparel parks (MITRA).
With the concept of the parks with a plug-and-play model, the textile and apparel sector, particularly the SMEs (small and medium enterprises), can build competitiveness in manufacturing, ITF convenor Prabhu Dhamodharan said in the statement.
Industries in Coimbatore resume investments for expansion, new projects
Updated:
Updated:
‘This is the right time to innovate and create businesses’
Share Article
‘This is the right time to innovate and create businesses’ For industries in Coimbatore, post-lockdown months have seen a spurt in demand across sectors. This is leading to capital investments.
Several industries have started investing to expand or modernise existing capacities. Some industries are also investing to tap opportunities in new fields.
According to the Southern India Mills Association, the current demand trend is likely to continue till March for textile mills.
Many spinning units that had pending expansion or modernisation projects have started investing in these works now.
Indian garment sector hopeful of staging comeback despite stiff competition abroad PTI
Coimbatore: With COVID-19 making the year 2020 a year of learning and turbulence, the textile and apparel sector is confident of achieving the much-needed growth in 2021.
The sector can make 2021 a year of progress by focusing on USA for apparels, as the textile industry had benefited from the volumes in the market in the first 10 months of 2020, Indian Texpreneurs Federation (ITF) convenor Prabhu Dhamodharan said Saturday.
“Now, it’s time to step up the efforts to repeat the same success in the US market for our apparel products,” he said.