21 December 2022, Mumbai
In a Press Release issued here today, Mr.Ravi Sam, Chairman, The Southern India
Mills’ Association (SIMA), has appealed to the Hon’ble Union Finance Minister to reject the
unrealistic recommendation made by DGTR and ensure the survival of MSME spinning mills,
the decentralized power loom and handloom sector and also the garment sector.
SIMA Chairman has stated that the indigenous VSF fibre manufacturer is not in a
position to meet the growing demands of the VSF value chain, rationing their supply and
affecting the potential growth of the industry.
Against this background, the SIMA chairman has appealed to the Hon’ble Union Minister of Finance to reject the abnormal ADD rate recommended by the DGTR.
The Hon’ble Prime Minister has been taking various path-breaking policy initiatives to
address the raw material structural issues, especially the manmade fibres.
