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Tag: SIMA

SIMA Seeks Rs.5000 Cr For TUFS
Apparel and Textile News Trade Info News

SIMA Seeks Rs.5000 Cr For TUFS

Southern India Mills’ Association (SIMA) chairman M Senthilkumar has appealed to finance minister Arun Jaitley to allocate adequate funds for clearing TUFS subsidy backlog since September 2014. In a release, Senthilkumar said with the subsidy pending for more than one and half years, the working capital of the spinning mills has been totally eroded and […]

SIMA Appeals For Lower Power Tariff
Apparel and Textile News Trade Info News

SIMA Appeals For Lower Power Tariff

The Southern India Mills’ Association ( SIMA ) has appealed to Tamil Nadu chief minister, J Jayalaithaa for reduction in power tariff considering the steep decline in fuels meant for power generation. In a representation to the chief minister, SIMA chairman, M Senthilkumar said since textile industry is a power intensive sector, it has been […]

ATUFS To Help Investment In Textile Industry
Apparel and Textile News Ministry of Textiles News Trade Info News

ATUFS To Help Investment In Textile Industry

The Southern India Mills’ Association (SIMA) has thanked the Prime Minister for approving the Amended Technology Upgradation Fund Scheme (ATUFS). The Cabinet Committee on Economic Affairs (CCEA), chaired by the Prime Minister yesterday approved the introduction of “Amended Technology Upgradation Fund Scheme (ATUFS)” in place of the existing revised restructured TUF scheme with effect from […]

SIMA Hails DPDS
Apparel and Textile News Trade Info News

SIMA Hails DPDS

The Southern India Mills’ Association (SIMA) has thanked the government for introducing Direct Payment Deficiency System (DPDS) to help cotton farmers get better realization for their produce when the market rates rule below the MSP. The Confederation of Indian Textile Industry (CITI) and SIMA had been insisting that the government introduce Direct Benefit Transfer System […]

SIMA Hails Interest Equalization Scheme
Apparel and Textile News Trade Info News

SIMA Hails Interest Equalization Scheme

The Southern India Mills’ Association (SIMA) has thanked the centre for announcing Interest Equalization Scheme by extending three per cent interest subvention for all the fabrics and made-ups under the scheme. The inclusion of fabrics and large number of countries under two per cent MEIS export incentive scheme, enhanced duty drawback rates for value-added products, […]

Govt Decision On Duty Drawback Hailed
Apparel and Textile News Trade Info News

Govt Decision On Duty Drawback Hailed

The Southern India Mills’ Association (SIMA) has hailed the center’s decision for considering its pleas and enhancing the drawback rates and value caps for various value added products such as yarns counts in 100s and above, fabrics with less than 200 grams per sq.mtr, knitted and woven garments. On November 16, the government notified the […]

Ban On Textile Units In Rajasthan Lifted
Apparel and Textile News

Ban On Textile Units In Rajasthan Lifted

Southern India Mills Association (SIMA) expressed a big relief over the National Green Tribunal’s (NGT) order on lifting the ban on the operation of textile units in Rajasthan. In May, the NGT bench of Jodhpur had ordered the closure of 739 textile units in Balotra and its surrounding areas of Jasol, Bithuja in Rajasthan, for […]

Supportive Measures Needed For Textile Sector
Apparel and Textile News Trade Info News

Supportive Measures Needed For Textile Sector

Textile sector, now going through recession, is looking for various supportive policy measures from the government to grab the emerging global opportunities. While the centre looks to address macro issues particularly towards controlling inflation, improving general economic conditions, infrastructure and measures aimed at ease of doing business, the weightage given to the textile industry is […]

SIMA For Improving The Health Of Textile Sector
Apparel and Textile News Trade Info News

SIMA For Improving The Health Of Textile Sector

With India’s textile exports continuing to decline this year, the Southern India Mills Association (SIMA) has approached corporate advisor S Gurumurthy to lobby their case to improve the health of the textile industry. SIMA chairman, M Senthilkumar said the 12-nation Trans Pacific Partnership (TPP) can potentially dent Indian textile exports further because of duties ranging […]

SIMA Demands Fair Cotton Trading Policy
Apparel and Textile News Trade Info News

SIMA Demands Fair Cotton Trading Policy

The Southern India Mills’ Association (SIMA) has appealed to textiles minister, Santosh Kumar Gangwar to direct the Cotton Corporation of India (CCI) to adopt a transparent and fair cotton trading policy which would ensure win-win strategy both for the farming and cotton textile manufacturing communities. In a press release, SIMA chairman, M Senthilkumar has proposed […]

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