Meeting held for textile industry on cotton and EPF
The South India Spinners Association (SISPA), in association with Recycle Textile Federation (RTF), organised a panel discussion on “Current Cotton Scenario, Latest Schemes on EPF & New Labour Codes” recently in Coimbatore in which more than 100 members of SISPA and RTF participated.
The sessions were on the cotton scenario, latest updates in Employees’ Provident Fund (EPF), Employees’ State Insurance Corporation (ESIC) schemes, Labour Codes and Factories Act.
The discussions on cotton highlighted the prevailing cotton market situation, including availability, price trends, and quality aspects. The participants were advised to closely monitor arrivals, MSP operations, and market movements while planning procurement strategies.
On the schemes under EPF, the panellists highlighted the recent updates and schemes and provided clarifications on compliance requirements, online processes, and benefits available to employers and employees. On the benefits of the ESIC, including medical coverage and employee welfare measures, the discussions were on the benefits of SPREE and Amnesty Scheme – 2025. The participants received practical guidance on coverage, contribution norms, and claim procedures.
The salient features of the new Labour Codes were also explained at the event with focus on their implications for the textile industry. The industry was asked to prepare for implementation by reviewing internal HR policies, registers, and compliance systems. Key compliance expectations under the Factories Act were also discussed.
S. Jagadesh Chandran, secretary, SISPA, highlighted the relevance of such interactive discussions in the present industry context. R. Arun Karthik, president of the SISPA, spoke on the prevailing cotton market scenario, emerging statutory challenges, and the continuous efforts of SISPA to safeguard the interests of member mills. M. Jayabal, chairman, Recycle Textile Federation, explained the importance of compliance and the benefits available to members.
read more :- CCI: Cotton purchase figure reached 10 lakh quintals
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