SIMA news and archive

Industry hails budget and says it will boost sector

Yesterdays Union Budget by FM Arun Jaitley has got positive response from the textile and garments industry. The overall feeling is that a lot of their expectations have been met. As Govind Shrikhande, Customer Care Associate and Managing Director, Shoppers Stop, points out that every new innings requires a steady approach and resolve. “...

Apparel

Management reshuffle at SIMA

At 37th Annual General Meeting of The Southern India Mills` Association (SIMA) Cotton Development & Research Association held recently, T Rajkumar, Chairman of Sri Mahasakthi Mills was unanimously elected as chairman of the association for the year 2012-13. He is also deputy chairman of SIMA and committee member in the Confederation of Indian...

Apparel

SIMA conference to focus on biz in the post-crisis scenario

Though the debt restructuring package of Rs 35,000 crores announced by the Finance Ministry, would help textile mills to a greater extent, survival post crisis is a major challenge before them. Taking this into account and to guide textile entrepreneurs, the Southern India Mills’ Association (SIMA)’s 53rd Annual General Meeting, is organising...

Apparel

SIMA demands fair cotton trade policy

The Southern India Mills Association (SIMA) has demanded a fair cotton trade policy for the survival of the ailing textile industry. According to S Dinakaran, SIMA chairman, the demand for a fair cotton export policy is to create a competitive scenario in an open market and also to prevent competing countries from gaining advantage from Indian...