Industry & Economy
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Textile Machinery
Research body urged to design new textile machinery
Our Corrrespondent
Madurai
,
Nov. 21
THE South India Textile Research Association (SITRA) should undertake research programmes to design innovative machinery to upgrade the textile industry, Mr Karumuthu T. Kannan, Managing Director of Thiagarajar Mills, has said.
Presiding over a one-day regional seminar for textile mills held here,
Mr. Kannan said that even the simplest of technologies in the sector has been coming from abroad, for which the domestic units had to pay exorbitant rates. Future technology should come from India, he emphasised and wanted SITRA to come up with innovative machinery.
While being optimistic on the opportunities the WTO regime has in store for the industry by 2005, he drew the attention of the participants to the huge subsidy offered in the US to cotton-growing farmers and the rapid strides made by the Chinese in modernising their units.
Apart from their huge size, competitive power tariff, cheap labour and high productivity are the advantages enjoyed by the Chinese units, he said.
He stressed the need for cost reduction and urged the domestic industrialists to make use of the reduced interest rate for loans to modernise their units.
Mr N.A.K. Gopalakrishna Raja, president of Madurai Spinners Association, while inaugurating the seminar called for an assessment of the strengths and weaknesses of the domestic textile industry and collective efforts to improve the same.
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