Minister for Textiles and Handloom R. Gandhi (second right) and Minister for Electricity, Prohibition and Excise, V. Senthil Balaji (third right), at the inauguration of “Short term training on entrepreneurship development in Technical Textiles” held at South India Textile Research Association in Coimbatore on Tuesday. | Photo Credit: PERIASAMY M
R. Gandhi, the Minister for Handlooms and Textiles, informed reporters in Coimbatore city on Tuesday that the Tamil Nadu government would unveil a “enriched textile policy” within a week to ten days.
The government has received 100 applications for micro textile parks and has authorised 17 of them so far, he added, launching a five-day Entrepreneurship Development program for entrepreneurs in technical textiles. Ten of these were located in Karur. In an effort to draw in investment, the state administration loosened regulations for small textile parks and eliminated the cotton market cess in 2021. For the entrepreneurship training, the Central government gave ₹10,000 for each candidate and the State government gave ₹5,000 each.
Additionally, the government would provide ₹10 crore this year as an interest subsidy to upgrade the spinning mills. According to him, powerloom units would also benefit from steps that will be revealed soon.
The State government has expanded the number of free electricity units for power loom and handloom units, said Senthil Balaji, Minister of Electricity.
According to A. Sakthivel, the honorary head of the Tiruppur Exporters Association, the global market for technical textiles is valued at $500 billion, and the manufacture of cotton clothing has reached saturation. To encourage more people to pursue careers in technical textiles, the federal and state governments were providing entrepreneurial development programs.
The Central government is scheduled to make an announcement shortly about all the clearances that have been obtained for the PM MITRA park in Virudhunagar, which will span 1,000 acres, according to T. Rajkumar, the former head of the Southern India Mills Association.