Ravi Sam, Vice Chairman of TEXPROCIL and Chairman of SITRA, has extended his heartfelt thanks to the Government of India for the continuation of the Emergency Credit Line Guarantee Scheme (ECLGS) and the announcement of ECLGS 5.0.
During his recent meeting with the Finance Minister, Ravi Sam emphasized the importance of these measures in providing critical support to the textile sector, enabling businesses to sustain operations and safeguard employment in challenging times.
He also made a strong appeal for the removal of the 11% duty on cotton, at least until the beginning of the new cotton season in October 2026. This, he stressed, would ease the burden on the industry, stabilize raw material costs, and ensure competitiveness for Indian textiles in global markets.
Ravi Sam reaffirmed his commitment to working closely with policymakers and stakeholders to strengthen the textile ecosystem and drive growth for the sector.
