Online edition of India's National Newspaper
Friday, Jul 27, 2007
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Online edition of India's National Newspaper Friday, Jul 27, 2007 ePaper |
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Tamil Nadu
Staff Reporter
ADDING VALUE: The Minister for Rural Industries, Pongalur N. Palanisamy (third left), visting a stall at Tex Spares 2007 organised by the Southern India Mills’ Association in Coimbatore on Thursday. The association chairman, S.V. Arumugam (right) and the association deputy chairman, K.V. Srinivasan (left), are in the picture. –
Coimbatore: The State Government has taken several measures for the development of the micro, small and medium enterprises in the State and come out with various programmes for their growth, according to the Minister for Rural Industries, Pongalur N. Palanisamy. They included 3 per cent back-ended interest subsidy scheme for the small and micro enterprises, incentives to industries that set up facilities in backward areas and a new industrial policy. Inaugurating Tex Spares 2007, an exhibition of textile machinery spares and accessories organised by the Southern India Mills’ Association here on Thursday, the Minister said the sub-committee formed for the proposed industrial policy had submitted its recommendations to the Chief Minister. A similar policy was proposed for the small and medium enterprises too. The State attracted about Rs. 12,500 crore foreign investment during the last one year. He pointed out that nearly 50 per cent of the country’s textile and clothing production was from Tamil Nadu and of this, nearly two-thirds were from this region. The State had 5.3 lakh registered micro, small and medium enterprises. Most of the textile machinery spares and accessories manufacturers came under this category. The Southern India Mills’ Association chairman, S.V. Arumugam, appealed to the Minister to recommend inclusion of wind mills under the Technology Upgradation Fund Scheme. The textile mills in the State had incurred huge losses this summer due to frequent power trippings and shut down. The units needed quality power at competitive price. Infrastructure development was imperative for the growth of the textile sector. The spiralling cement prices were a matter of concern. The cement price in Thailand was less than Rs. 130 a bag (50 kg). If imported, it would cost Rs. 155 a bag as against the prevailing domestic price of Rs. 230 a bag. The mills were unable to import cement due to the mandatory Bureau of Indian Standard certification. Cement companies in foreign countries had international certification and hence this was not needed, he said. Mr. Arumugam appealed to the Minister to expedite cement import by the Tamil Nadu Cement Corporation. The association’s deputy chairman, K.V. Srinivasan, said the fair had 230 participants. The exhibition would be an annual event from this year. It had spares, accessories and store materials for spinning, weaving, processing, finishing and garmenting machinery and also equipment that could be attached to the existing machines for modernisation.
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