SIMA: TN Budget 2022-23, Growth oriented one

18 March 2022, Mumbai:

The Government of Tamilnadu unveiled its budget for the year 2022-23 today giving major thrust for the welfare of the people, infrastructure development, industrial growth, skill development, education, health, etc.

In a Press Release issued here today, Mr.Ravi Sam, Chairman, The Southern India Mills’ Association (SIMA) has hailed the various salient features of the State Budget describing it as a comprehensive and growth-oriented budget.

He thanked the Hon’ble Chief Minister for allocating Rs.32,660 crores for the industry that would attract huge investments in the State and create new jobs for several lakhs of people.

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He has said that the textile industry is the largest industry of the State that accounts for 1/3 rd of the textile business size of the Nation would be greatly benefited out of the various benefits extended under Industrial Policy that encourages scale of operation.

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Mr.Ravi Sam has stated that the allocation of Rs.2,400 crores for the infrastructure development and tackling the industry 4.0 initiatives for the Industrial Training Institutes (ITIs) in the State would help the industry to get skilled manpower to manage the future generation technology.

SIMA Chief has appreciated the announcement of implementing various special programmes jointly with the industry to create a skilled labour force.

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