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Today Date : Sunday, June 23, 2024

Ravi Sam re-elected as Chairman of SIMA

Ravi Sam re-elected as Chairman of SIMA

 The 63rd Annual General Body meeting of The Southern Indian Mills’ Association (SIMA) Coimbatore, held at SIMA on Sept 14, unanimously re-elected Ravi Sam, Managing Director, Adwaith Textiles Private Limited, Coimbatore, as the Chairman,  Dr S K Sundararaman, Managing Director, Shiva Texyarn Limited, Coimbatore as the Deputy Chairman, Durai Palanisamy, Executive Director, Pallava Textiles P Limited, Erode, as the Vice-Chairman for the year 2022-23. 

In a Press Release issued here today Mr. Ravi Sam said that as the grid power has crossed Rs.8 per unit in almost all the major Textile manufacturing States except the States having hydel power generations the power intensive textile industry has lost its global competitiveness on power front. 

He has stated that since the power cost accounts over 40% of yarn manufacturing cost, it has become essential for the textile mills to plan for 100% captive power generations of wind and solar power. Mr. Ravi Sam has appealed to Chief Minister to reconsider the steep increase in demand charges, wheeling charges, transmission charges and 6% annual increase in tariff linking the same to inflation rate so as to make the promised new investment become a reality and also sustain the competitiveness of the existing industry in the state.

Mr. Ravi Sam has appealed to the Prime Minister to remove the 11% import duty on cotton as the industry would face cotton shortage in the coming years, while appreciating the strenuous efforts made by the Government to expedite the conclusion of FTA’s with UK, EU and Canada apart from the FTA’s already concluded with UAE, Australia and Mauritius on a record time.

He has pointed out that addressing the Raw Material structural issues, ensuring raw material security and making the quality raw material always available at an international competitive rate is essential to sustain the global competitiveness and achieving potential growth rate taking advantage of FTA’s and various export schemes. He has appealed to  Prime Minister to retain the decision of removal of Anti-dumping Duty on all Raw Material, fibers and filaments of Man-Made Textiles to sustain the global competitiveness.