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New textile policy for MSMEs under process in TN

With an aim to accelerate growth of the textile industry Federation of Indian Export Organization (FIEO) has proposed for a new textile policy and textile promotion board to the state government, K Unnikrishnan, joint deputy director general of FIEO said. The association has also sought for selling up a technical textile cluster to facilitate value […]

New textile policy for MSMEs under process in TN

With an aim to accelerate growth of the textile industry Federation of Indian Export Organization (FIEO) has proposed for a new textile policy and textile promotion board to the state government, K Unnikrishnan, joint deputy director general of FIEO said.

The association has also sought for selling up a technical textile cluster to facilitate value addition into the sector. Although the sector is doing fine as there is a huge potential that needs to be explored.

The new textile policy must provide assistance to the textile MSMEs to be able to go for an environment friendly approach. Unnikrishnan, however said there is a problem with the clearance mechanism in the state which takes a lot of time to get the clearance for starting the unit, particularly the MSME in the region.

The prime reason for the delay is lack of coordination between different departments; the government must introduce new textile policy to address these gaps, he felt.

Stressing the need of marketing mechanism, Unnikrishnan urged the state government to establish a marketing support system for the textile MSMEs so that the products made by the sector can be exported to different states and also across the globe.

The State government has given assurance of initiating the process to formulate the new textile policy likely to be announced by next month which not only benefit but will be environment friendly for the textile MSMEs.

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