15 September 2022, Mumbai:
Ravi Sam re-elected as Chairman of SIMA – Advises mills to focus on renewable energy.
The 63 rd Annual General Body meeting of The Southern Indian Mills’ Association (SIMA) Coimbatore, the single largest employer organization representing the Textile Value Chain was held at SIMA on 14 th September 2022.
Immediately after the 63 rd AGM, the members of the Committee at its first meeting unanimously re-elected Mr.Ravi Sam, Managing Director, Adwaith Textiles Private Limited, Coimbatore, as the Chairman for the year 2022-23.
In a Press Release issued here today, Mr. Ravi Sam has advised the textile industry to give priority to making investments in renewable energy generation (Wind and Solar Power) to remain competitive and fulfill sustainability obligations.
Ravi Sam has appealed to the Hon’ble Prime Minister to remove the 11% import duty on cotton as the industry would face a cotton shortage in the coming years.
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