The SIMA Head, Ravi Sam has thanked the Tamilnadu Government and the Chief Minister for making various announcements including the mobiletech for automobile sector. Tamilnadu textile industry accounts over 1/3rd of the textile business in the country by accounting 45 percent of the cotton yarn production, 22 percent of the powerloom fabric production, 12 percent of handloom fabric production, 45 percent of knitted fabric production, 40 percent of home textiles production, 70 percent of the spinning machinery and other machinery, accessories and spares manufacturing capacity. Besides providing jobs to 60 lakh people and fetching over Rs.1 lakh cr as foreign exchange, the industry acts as the backbone of not only for the economy of the State, but also for the country. The State also consumes around 35 percent of the cotton produced in the country.

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