Meeting held for textile industry on cotton and EPF

The South India Spinners Association (SISPA), successful relation with Recycle Textile Federation (RTF), organised a sheet treatment connected “Current Cotton Scenario, Latest Schemes connected EPF & New Labour Codes” precocious successful Coimbatore successful which much than 100 members of SISPA and RTF participated.

The sessions were connected the fabric scenario, latest updates successful Employees’ Provident Fund (EPF), Employees’ State Insurance Corporation (ESIC) schemes, Labour Codes and Factories Act.

The discussions connected fabric highlighted the prevailing fabric marketplace situation, including availability, terms trends, and prime aspects. The participants were advised to intimately show arrivals, MSP operations, and marketplace movements portion readying procurement strategies.

On the schemes nether EPF, the panellists highlighted the caller updates and schemes and provided clarifications connected compliance requirements, online processes, and benefits disposable to employers and employees. On the benefits of the ESIC, including aesculapian sum and worker payment measures, the discussions were connected the benefits of SPREE and Amnesty Scheme – 2025. The participants received applicable guidance connected coverage, publication norms, and assertion procedures.

The salient features of the caller Labour Codes were besides explained astatine the lawsuit with absorption connected their implications for the textile industry. The manufacture was asked to hole for implementation by reviewing interior HR policies, registers, and compliance systems. Key compliance expectations nether the Factories Act were besides discussed.

S. Jagadesh Chandran, secretary, SISPA, highlighted the relevance of specified interactive discussions successful the contiguous manufacture context. R. Arun Karthik, president of the SISPA, spoke connected the prevailing fabric marketplace scenario, emerging statutory challenges, and the continuous efforts of SISPA to safeguard the interests of subordinate mills. M. Jayabal, chairman, Recycle Textile Federation, explained the value of compliance and the benefits disposable to members.