Over 300 textile mills shut in Tamil Nadu in last few years, says report
GS3अर्थव्यवस्था · विज्ञान-तकनीक · पर्यावरण · सुरक्षा· Industry, investment & MSMEs· Prelims + Mains·
चर्चा में क्यों
The Union Ministry of Textiles reported the closure of over 300 textile mills in Tamil Nadu between 2021-22 and 2023-24 due to rising operational costs and interstate competition.
पृष्ठभूमि
The number of operational textile mills in Tamil Nadu dropped from 2,121 in 2021-22 to 1,672 in 2023-24. The South India Spinning Mills Association (SISPA) identified high power costs and raw material expenses as primary drivers of the decline.
प्रीलिम्स के लिए तथ्य
- तथ्यNumber of operational textile mills in Tamil Nadu decreased from 2,121 (2021-22) to 1,672 (2023-24)
- तथ्यOver 300 textile mills closed in Tamil Nadu between 2021-22 and 2023-24
- संस्थाSouth India Spinning Mills Association (SISPA) is an industry body representing spinning mills
- स्थानTamil Nadu is a major hub for the textile industry in India
मेन्स के लिए
Q. Analyze the structural and economic challenges facing the textile industry in India and suggest measures to enhance its global competitiveness.
उत्तर के आयाम
- Cost-push inflation: Rising electricity tariffs and raw material volatility eroding profit margins for MSMEs
- Interstate competition: Disparity in renewable energy policies creating uneven playing fields for industrial units
- Policy intervention: Impact of removing subsidy caps on industrial sustainability and state fiscal health
कीवर्ड: MSME sustainability · industrial policy · cost-push inflation · renewable energy policy · manufacturing competitiveness
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