The Tamil Nadu Cotton Cultivation Mission to increase cotton product proposed in the state budget 2014-15 would go a long way in reaching self sufficieny in commodity's production in the state, industry said today.
Southern India Mills' Association (SIMA) Chairman T Rajkumar said that the announcement was timely as textile mills in the state were spending huge sums toward transportation of from upcountry states and selling the cotton yarn in the same markets.
Tirupur Exporters' Association (TEA) President A Sakthivel welcomed the cotton mission, special package for MSMEs from 2014-15, saying these would help to stimulate the sector's growth.
Rajkumar also hailed the measures with relating to wind evacuation stating that the textile mills in Tamil Nadu have invested heavily in wind mills.
He expressed hope that the initiative of Chief Minister Jayalalithaa in this direction would greatly benefit the state and industry to have a win-win situation by evacuating cheap power fully.
Tamil Nadu chapter of CII termed the state budget as a "progressive. Growth oriented".
"Tamil Nadu budget 2014-15 presented today was a progressive, growth oriented and inclusive budget. The government has given more thrust to social sectors would bring prosperity to the people in the weaker sections of the society", CII-Southern Region Chairman, B Santhanam said in a statement.
Welcoming the proposal to develop 53,000 acre of land for industrial development and formation of a special purpose vehicle for implementation of the Madurai-Tuticorin industrial corridor, he said, "it would bring more investment to the region and create employment opportunities for people in southern Tamil Nadu".
