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Exporters seek adequate infrastructure for textile sector

Press Trust of India  |  Coimbatore 

Tirupur Exporters' Association (TEA) has urged the Centre to empower successful textile clusters with adequate infrastructure such as world-class design studio, Research and Development Centre and incubation centre for technical textiles. In a pre-budget memorandum submitted to the Finance Minister Arun Jaitley, TEA said these infrastructure facilities will facilitate rapid growth of not only the existing textile business, but also enable its foray into the niche segments creating quantum growth opportunities to the industry. There is a dire need to build large-scale labour housing and hostels in Public-Private Partnership mode so as to enable the permanent migration of skilled labourers towards industry clusters, association president, Raja M Shanmugham said. Besides, a focused and dedicated agency similar to Silk Board or Coir Board should be formed specifically for the Knitwear sector, which can serve as a catalyst for rapid growth of this segment, he said. Tiruppur, being the knitwear capital of the country with 46 per cent market share in knitwear exports, is embarking upon an ambitious goal of achieving a turnover of Rs One lakh crore by 2020, from the present Rs 35,000 crore (both domestic and exports), Shanmugham noted. The association also requested the implementation of Factories (Amendment) Bill, 2016 which was passed in Parliament, for the benefit of garment sectors which will also be helpful to fulfill buyers compliances, it said.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sun, November 27 2016. 13:32 IST