The date would be announced after consulting Confederation of Indian Textile Industry and North India Textile Mills association, T Rajkumar, Chairman of Southern India Mills' Association (SIMA) said today.
Despite highlighting the problems to the Commerce, Textile and Finance ministries through representations and personal meetings, no action was taken to solve them, affecting the spinning mills adversely, Rajkumar said after an emergency meeting of SIMA's high level committee this evening.
The spinners wanted a level playing field by making raw material cost both cotton and synthetic fibres available at a slightly lower or on par with International prices, he said.
The meeting also urged the Centre to allocate Rs 6,500 crore to clear all pending cases and existing committed liabilities of Technology Upgradation Fund Scheme, he said.
Similarly, the Govenrment should expedite the implementation of Goods and Service Tax and bring textile products under lowest rate of GST as the textile industry was low profit margin industry, Rajkumar said.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
