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SIMA hails interim budget 2019-20
PNataraj, Chairman, The Southern India Mills’ Association (SIMA), has welcomed the announcement of Rs 6,000 per year for the farmers having below two hectares of land under Prathan Mandri Kisan Samman Nidhi Programme giving effect from December 1, 2018 as the same would benefit millions of cotton farmers.
Boost for textiles exports
Finance Minister Arun Jaitley in the Union Budget 2018-19 raised special package by 19 per cent to Rs 71.48 billion for apparel sector to boost exports. In 2016, the government had announced a special package of Rs 60 billion for the same purpose.
India to build its textiles sector
As textiles are a major export commodity from India, its textile industry needs adequate resources such as skilled and trained manpower, financial capital for both current capital and long-term infrastructure improvements, research and development, promotion and marketing efforts.
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