Newsline-National | March 2014
TN Yarn Output Share 47 per cent
Textile industry in Tamil Nadu is not looking to invest elsewhere, SIMA Chief T Rajkumar said. The Chairman of the apex body of textile mills in the South - The Southern India Mills Association (SIMA) said that the industrial climate in Tamil Nadu ranked on the top in many ways. "The State, despite its dependence on cotton from upcountry markets, accounts for 47 per cent of yarn production. An industry friendly textile policy would attract new investments in modernisation and green-field projects," he said. It is estimated that the industry might invest over Rs 1.5 lakh crore over the next four years. The Tamil Nadu Governments assurance about taking adequate steps to make the States textile policy more attractive to enhance the competitiveness of the textile sector would take care of all the needs of the industry, he said.