SGCCI President Appointed to Key Textile Ministry Committee
Ministry of Textiles, Government of India has appointed the President of the Southern Gujarat Chamber of Commerce and Industry (SGCCI), as a member of the high-level Committee for Fiscal, Banking and Credit Interventions.
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Surat | Gujarat — In a significant development for India’s textile and handicraft sector, the Ministry of Textiles, Government of India has appointed the President of the Southern Gujarat Chamber of Commerce and Industry (SGCCI), as a member of the high-level Committee for Fiscal, Banking and Credit Interventions. The committee will be chaired by the Chairman of the Confederation of Indian Textile Industry (CITI).
The committee has been formed with the objective of addressing critical financial challenges faced by the textile, apparel, and handicraft industries, including access to affordable banking finance, rationalization of credit structures, and smoother working capital availability for Small and Medium Enterprises (SMEs).
Speaking on his appointment, Nikhil Madrasi said, “It is an honor to represent SGCCI in such a pivotal committee of the Ministry of Textiles. This is a crucial opportunity to voice the concerns of SMEs and exporters from Southern Gujarat and across India. With the right fiscal and banking interventions, we can ensure that our industries remain globally competitive and move closer to achieving the $100 billion textile export target by 2030.”
Objectives of the Committee
The Committee for Fiscal, Banking and Credit Interventions has been tasked with:
Suggesting measures to resolve banking finance and credit-related issues.
Proposing rationalization of GST rates and tariff structures.
Recommending mechanisms to ensure SMEs receive timely and affordable trade finance.
Studying global export finance models and adapting best practices for India.
Formulating strategies to help India achieve its ambitious $100 billion textile export goal by 2030.
The committee will convene once every 15 days and submit its first annual report within four weeks. Its recommendations are expected to guide policy frameworks that directly impact millions employed in the textile and handicraft ecosystem.
Representation from Industry Bodies
Apart from SGCCI and CITI, the committee will also include senior representatives from leading industry associations such as the Confederation of Indian Industry (CII), Apparel Export Promotion Council (AEPC), TEXPROCIL, Carpet Export Promotion Council (CEPC), and Powerloom Development & Export Promotion Council (PDEXCIL). This diverse representation ensures that the committee addresses issues across the entire value chain, from grassroots artisans to large-scale exporters.
Strengthening Gujarat’s Role
Gujarat, being one of the largest textile hubs in India, stands to benefit greatly from this initiative. Commenting on the inclusion, SGCCI officials highlighted that the move reinforces the chamber’s role as a key stakeholder in shaping national textile policies.
“The textile sector contributes significantly to employment and exports. Through this committee, industry challenges will be taken up at the highest level, ensuring practical and impactful reforms,” said Ashok Jirawala, vice-president of SGCCI.
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