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The Southern India Mills’ Association

Committed to Foster the Growth of the Textile Industry

Textile industry needs attention

Psychiatrist and politico-social analyst B. Kesavalu has said that the Central government meted out a great injustice to the textile industry by cutting down allocations to it in its recent budget.
Ever since Modi has come to power, the budgetary allocations to the textile industry have been gradually cut down. In 2015-16 budget Rs. 702 crore was alloted, while in 2016-17 it was Rs. 604 crore, and in the latest budget Rs. 386 crore was allotted, he said.
The government failed to recognise that the textile industry was the second largest employer only after the agriculture. The former had collapsed in the wake of the note ban and GST, he said, and felt that if it was not supported, its existence would be a big question mark.