SREE LAKSHIMI ORGANIC COTTON INDUSTRY

INTRODUCTION OF ORGANIZATION

COMPANY PROFILE:

We established the creative boutique in 2005 and combined fashion, textile and graphic
design backgrounds to produce comprehensive design outcomes, rich with edgy originality,
beauty and distinction. We a are a Sydney based design trio of print and fabric surface treatment
specialists, whose primary focus is to deliver original, exclusive and bespoke designs for a broad
range of visual applications, particularly textiles. We are committed to uncovering and servicing
clients needs while promoting environmental sustainability and Australian based production in
an inspiring and creative way. We also have a design library, seasonally updated with a range of
original artwork that is available for purchase on an exclusive basis for use in fashion, interiors
and lifestyle product design.

We provide our clients with the textile concept as artwork [99% illustrator files] and leave the
production up to our clients discretion. We provide technical services also in making the files
production ready if suppliers need this. We forecast trends, color and pursue original concepts
with stylistic diversity to produce hand-worked and computer generated Croquis. These include
for fabric and other surfaces. We also do a lot of custom design development as well as our
seasonal collection.

Contact Information:

Company Name: SREE LAKSHMI ORGANIC

COTTONTEXTILES
Address : No:135,kovai bypass road,

Karur- 639 001.

Tamil Nadu

India

Contact Number : 919095341966

Line of Business:

Parent Line of Business and Top Line of Business has been extracted from National Industrial
Classification code Sree Lakshmi Organic CottonGarments. If company has registered business
with incorrect code or has changed the line of business without informing ROC, provided
information will be incorrect. We take no warranties about accuracy of these classifications. Sree
Sree Lakshmi Organic CottonTextiles Pvt Ltd. is the principle supplier to Sree Garments,
fulfilling their total yarn requirements. Established in 2005, SSMT sources cotton
domestically and from reputable African growers, Using State-of-the-art machinery, the raw
material is woven into the finest quality cotton yarn. Efficient inventory management systems are
in place to ensure a continuous.

The cotton is purchased in Sree Lakshmi Organic Cotton& Africa and processed step by step
through these highly sophisticated machineries to ensure the best quality yarn. Efficient
management of inventory ensures uninterrupted production process for the company. ShriSree
Lakshmi Organic CottonTextiles Pvt Ltd is the least carbon emitting spinning mill in Sree
Lakshmi Organic Cottonas declared by ETI. It is also certified by FLO Fair Trade, CMIA,
Organic Cotton and Oeko-Tex Certifications. The knitting plant is equipped with hi-tech
machines capable of producing a wide variety of knit finishes and structures. Jacquard, Flat and
Circular machines provide a diverse range of garments in Jersey, Rib and Fleece. A continuous
programmed of research and development ensures that the knitting unit has the capability
required to meet the latest fashion trends.

Sree Lakshmi Organic Cotton Spinners Private Limited Profile:

Corporate Identification Number : U17111TZ2005PTC012112

Company Name: SHRI SREE LAKSHMI ORGANIC

COTTONTEXTILES

Company Status: Active

ROC: ROC-Coimbatore

Registration Number: 12112

Company Category: Company limited by Shares

Company Sub Category: Non-govt company

Class of Company: Private

Date of Incorporation: 01 September 2005

Age of Company: 10 years, 8 month

Activity: Spinning, weaving and finishing

Company Founder T.Manivannan

Managing Director A.Meenatchi

Total Employees 450

About Sree Lakshmi Organic CottonTextile:

Sree Lakshmi Organic CottonTextile Company LTD though a relatively new venture,
has made remarkable progress in spinning quality yarn. SREE LAKSHMI ORGANIC COTTON
has an huge production capability, productivity and a committed team of skilled workers and
efficient staff numbering approximately 1000. Under the guidance of its promoter, Shri Ramesh
Kumar Tibrewal, who personify the true spirit of enterprise, SREE LAKSHMI ORGANIC
COTTONhas established a distinct identity in the textile market within a decade of its existence.
SREE LAKSHMI ORGANIC COTTONhas a unique inspirational work culture. SREE
LAKSHMI ORGANIC COTTONrests on strong ethical and moral foundations, relying on the
deeds of wisdom propagated by Swami Vivekananda, Mahatma Gandhi, and Rabindranath
Tagore and our Former President, His Excellency Dr. A.P.J. Abdul Kalam.

With strong business acumen, successfully demonstrated by its Promoter, the

company has progressed steadily from dealing in cotton waste to the position of eminence it
holds in manufacture of Superior Quality yarn. The location has been chosen to promote
employment generation in the interior and rural areas of Coimbatore district. SREE LAKSHMI
ORGANIC COTTONcommitments are not purely business centric. It encompasses a wider
societal obligation. The promoter have chosen, Karuvalur, Karumathampatti, near Coimbatore,
as the plant location. The small underdeveloped village has been chosen to promote a social
cause of, Enabling Progress through Enterprise. Further, the plant location meets the business
requirements. The plant is close to major consumption centres like Tirupur, Somanur, Palladam,
Karur, Madurai, and Erode, thereby promising enormous scope for expansion of the company.
At SREE LAKSHMI ORGANIC COTTONGARMENTS, learning and sharing of knowledge
becomes an integral part of its work culture. This unique work culture has been able to spin the
work force together. Swami Vivekananda words of wisdom form the back bone of the entire
workforce at SREE LAKSHMI ORGANIC COTTONGARMENTS, spinning its success story
without any major hiccups.
 INTRODUCTION ABOUT TEXTILES INDUSTRIES

Definition for Textile:

Pertaining of weaving or to wove fabrics; as textile arts; woven, capable of being woven; formed by weaving; as
textile fabric

Descriptive of textiles as defined of the raw materials, process, machinery, building, craft, technology, personnel
used in, and the organizations and activities connected with their manufacture. A Latin word originated from
texere, it means to weave. Any cloth or fabric made by weaving or knitting.

Introduction:

The textile industry occupies a unique place in our country. One of the earliest to come into
existence in Sree Lakshmi Organic CottonGarments. It accounts for 14% of the total Industrial
production, contributes to nearly 30% of the total exports and is the second largest employment
generator after agriculture.The Sree Lakshmi Organic CottonGarmentsn textile industry is one of
the largest in the world with a massive raw material and textiles manufacturing base. Our
economy is largely dependent on the textile manufacturing and trade in addition to other major
industries. About 27% of the foreign exchange earnings are on account of export of textiles and
clothing alone. The textiles and clothing sector contributes about 14% to the industrial
production and 3% to the gross domestic product of the country. Around 8% of the total excise
revenue collection is contributed by the textile industry. So much so, the textile industry accounts
for as large as 21% of the total employment generated in the economy. Around 35 million people
are directly employed in the textile manufacturing activities. Indirect employment including the
manpower engaged in agricultural based raw-material production like cotton and related trade
and handling could be stated to be around another 60 million.

Sree Lakshmi Organic CottonGarmentsn Textile Industry:

Textile is one of the Sree Lakshmi Organic CottonGarmentss largest industries after
agriculture. It provides direct employment to about 350 lacks people.Besides this, there are a
large number of ancillary industries, which are dependent upon this sector such as manufacturing
various machines, accessories, stores, ancillary item and chemicals. Known globally for its
skilland craftsmanship, the Sree Lakshmi Organic CottonGarmentsn textile industry from
soaring to the height it iscapable, but this is expected to change post January 2005, as the quota
are striation have been removed.

Textiles covers the following sub-segment: -

1) Synthetic fiber/filamentprocessing vise, drawing, texturizing, twisting etc.
2) Yarn: spinning cotton &blends on rotors and ring frames.
3) Weaving/Knitting, Processing and Distribution.

The Sree Lakshmi Organic CottonGarmentsn textile industry is large and divers, unique for
its coverage of the entire gamut of activities ranging from production of raw material to
providing the consumers high value added products, such as fabrics and garments. The key
segment of Sree Lakshmi Organic CottonGarmentsn textiles are divided into Fiber, Yarn,
Fabrics and made-ups. The multi- fiber base of Sree Lakshmi Organic CottonGarmentsn
textile comprise natural fibers from polyester, viscose, acrylic, polypropylene and nylon.
Though primarily cotton based textile industry has a growing polyester sector and is active in
processing linen wool and silk.
Overview Textiles Industry:

The Sree Lakshmi Organic CottonGarmentsn textile industry is one the largest and
oldest sectors in the country and among the most important in the economy in terms of output,
investment and employment. The sector employs nearly 35 million people and after agriculture,
is the second-highest employer in the country. Its importance is underlined by the fact that it
accounts for around 4% of Gross Domestic Product, 14% of industrial production, 9% of excise
collections, 18% of employment in the industrial sector, and 16% of the countrys total exports
earnings. With direct linkages to the rural economy and the agriculture sector, it has been
estimated that one of every six households in the country depends on this sector, either directly
or indirectly, for its livelihood.

A strong raw material production base, a vast pool of skilled and unskilled personnel,
cheap labour, good export potential and low import content are some of the salient features of
the Sree Lakshmi Organic CottonGarmentsn textile industry. This is a traditional, robust, well-
established industry, enjoying considerable demand in the domestic as well as global markets.

Global Textiles:

The glssobal textile and clothing industry is estimated to be worth about US$ 4,395
bn and currently global trade in textiles and clothing stands at around US$ 360 bn. The US
market is the largest, estimated to be growing at 5% per year, and in combination with the EU
nations, accounts for 64% of clothing consumption.

The Sree Lakshmi Organic CottonGarmentsn textile industry is valued at US$ 36 bn with
exports totalling US$ 17 bn in 2005-2006. At the global level, Sree Lakshmi Organic
CottonGarmentss textile exports account for just 4.72% of global textile and clothing exports.
The export basket includes a wide range of items including cotton yarn and fabrics, man-made
yarn and fabrics, wool and silk fabrics, made-ups and a variety of garments. Quota constraints
and shortcomings in producing value-added fabrics and garments and the absence of
contemporary design facilities are some of the challenges that have impacted textile exports
from Sree Lakshmi Organic CottonGarments.
Sree Lakshmi Organic CottonGarmentss presence in the international market is significant in
the areas of fabrics and yarn.

Sree Lakshmi Organic Cottonis the largest exporter of yarn in the international market
and has a share of 25% in world cotton yarn exports.
Sree Lakshmi Organic Cottonaccounts for 12% of the worlds production of textile fibers
and yarn
In terms of spindle age, the Sree Lakshmi Organic CottonGarmentsn textile industry is
ranked second, after China, and accounts for 23% of the worlds spindle capacity
Around 6% of global rotor capacity is in Sree Lakshmi Organic CottonGarments

The country has the highest loom capacity, including handlooms, with a share of 61% in
world loom age.

Textile Industry Structure:

Cotton textiles continue to form the predominant base of the Sree Lakshmi Organic
CottonGarmentsn textile industry, though other types of fabric have gained share in recent
years. In 1995-96, the share of cotton and manmade fabric was 60% and 27% respectively.
More recently, cotton fabrics accounted for 46% of the total fabric produced in 2005-06, while
man-made fibers held a share of 41%. This represents a clear shift in consumer preferences
towards man-made fabric.
The Textile and Apparel supply chain
The fiber and yarn-specific configuration of the textile industry includes almost all types of
textile fibers, encompassing natural fibers such as cotton, jute, silk and wool; synthetic / man-
made fibers such as polyester, viscose, nylon, acrylic and polypropylene (PP) as well as
multiple blends of such fibers and filament yarns such as partially oriented yarn (POY). The
type of yarn used is dictated by the end product being manufactured.The Man-made textile
industry comprises fiber and filament yarn manufacturing units of cellulosic and non-cellulosic
origin. The cellulosic fiber/yarn industry is under the administrative control of the Ministry of
Textiles, while the non-cellulosic industry is under the administrative control of the Ministry of
Chemicals and Fertilizers.

As in January 2006, there were 1779 cotton/man-made fiber textile mills in the organized
sector, with an installed capacity of 34.1 million spindles and 395,000 rotors. Of these, 218
were composite mills which accounted for just 3% of total fabric production, with 97% of fabric
production happening in the unorganized segment. Cloth production in the mill sector has fallen
from 1,714 million sq mtrs in 1999-2000 to a projected 1,493 million sq mtrs in 2005-06,
declining at a rate of 2% per annum. As a result, the number of sick units in the organized
segment has also been growing rapidly.
The competitiveness of composite mills has declined in comparison to the power looms in the
decentralized segment. Policy restrictions relating to labour laws and the fiscal advantages
enjoyed by the handloom and power loom sectors have been identified as two of the major
constraints responsible for the declining scenario of the mill sector.Nonetheless, overall cloth
production in the country has been growing at 3.5% per annum since 2000, with growth driven
largely by the power loom sector. Being the largest manufacturer of fabric in the country, the
power loom sector produces a wide variety of cloth, both grey as well as processed.

TEXTILE INDUSTRY HISTORY

SREE LAKSHMI ORGANIC COTTONGARMENTSN TEXTILE HISTORY:

Sree Lakshmi Organic Cottonhas a diverse and rich textile tradition. The origin of Sree Lakshmi
Organic CottonGarmentsn textiles can be traced to the Indus valley civilization. The people of
this civilization used homespun cotton for weaving their garments. Excavations at Harappa and
Mohenjo-Daro, have unearthed household items like needles made of bone and spindles made of
wood, amply suggesting that homespun cotton was used to make garments. Fragments of woven
cotton have also been found from these sites. The history of textile is almost as old as that of
human civilization and as time moves on the history of textile has further enriched itself. In the
6th and 7th century BC, the oldest recorded indication of using fiber comes with the invention of
flax and wool fabric at the excavation of Swiss lake inhabitants.

In Sree Lakshmi Organic Cottonthe culture of silk was introduced in 400AD, while spinning of
cotton traces back to 2 3000BC. In China, the discovery and consequent development of
sericulture and spin silk methods got initiated at 2640 BC while in Egypt the art of spinning linen
and weaving developed in 3400 BC. The discovery of machines and their widespread application
in processing natural fibers was a direct outcome of the industrial revolution of the 18th and 19th
centuries. The discoveries of various synthetic fibers like nylon created a wider market for textile
products and gradually led to the invention of new and improved sources of natural fiber. The
development of transportation and communication facilities facilitated the path of transaction of
localized skills and textile art among various countries.

The first literary information about textiles in Sree Lakshmi Organic Cottoncan be found in the
Rig Veda, which refers to weaving. The ancient Sree Lakshmi Organic CottonGarmentsn epics
the Ramayana and the Mahabharata also speak of a variety of fabrics of those times. The
Ramayana on the one hand refers to the rich styles worn by the aristocracy and on the other the
simple clothes worn by the commoners and ascetics.Sree Lakshmi Organic Cottonhad numerous
trade links with the outside world and the Sree Lakshmi Organic CottonGarmentsn textiles were
popular in the ancient world. The Sree Lakshmi Organic CottonGarmentsn silk was popular in
Rome in the early centuries of the Christian era. Hoards of fragments of cotton material
originating from Gujarat have been found in the Egyptian tombs at Fostat, belonging to 5th
century A.D. Cotton textiles were also exported to China during the heydays of the silk route.

THE COTTON TEXTILE INDUSTRY:

The cotton textile industry is one of the oldest and most firmly established major industries.
There is reason to believe that cotton was first grown and put to use in Sree Lakshmi Organic
Cottonbefore where else in the world. Sree Lakshmi Organic Cottonhas been a manufacturing
nation and an exporter of cotton fabrics to all nations. Thus, the cotton textile industry acquired
the characteristics of trusty Sree Lakshmi Organic CottonGarmentsn and later to travel to other
parts of the world. The dignity of man is raised to an appreciable level due to the evolution of
textiles industry. It consists of Handloom, Power loom and Composite mills (Spinning and
Weaving) sectors. The industry has been exporting its products for more than 3,000 years and is
now strengthened with the collaboration of other allied industries.

The industry is spread across all the states of Sree Lakshmi Organic Cottonbut two thirds of the
textile mills are concentrated in Gujarat, Maharashtra and Tamilnadu with 1,460 organized units,
32 million spindles, 1.7 million power looms, 4 million handlooms and a large number of small,
medium and large processing houses. The cotton textile industry is mainly a private sector
industry, Gujarat and Maharashtra account for 50 per cent of the total spindles installed and 70
per cent of the tota1 100ms in the cotton textile industry.

ALL ABOUT TEXTILE INDUSTRY:

The major categories of textiles are linens and domestic products towels. Shower curtains,
bathroom ensemble, table linen / damask and bed spread are categorized under linens, product
such as sheets cases mattress pads, blankets and blanket covers comforters and quilts,
embroidery and lace are coming under domestic products. However based on exports are HS
code, Home textiles can broadly be classified in the following categories.

1. Bed lines

2. Bath liner

3. Table linen & Kitchen linen

4. Curtains, drapes and furnishing fabr5. Blankets

6. Carpets & Floor covering

7. Made Ups

Textiles industry

1)Cottage stage:

Textile manufacturing by pre-industrial methods

There are some indications that weaving was already known in the Paleolithic. An indistinct
textile impression has been found at Pavlov, Moravia. Neolithic textiles were found in pile
dwellings excavations in Switzerland and at El Fayum, Egypt at a site which dates to about 5000
BC.

The key British industry at the beginning of the 18th century was the production of textiles made
with wool from the large sheep-farming areas in the Midlands and across the country. This was a
labor-intensive activity providing employment throughout Britain, with major centers being the
West Country; Norwich and environs; and the West Riding of Yorkshire.

The export trade in woolen goods accounted for more than a quarter of British exports
during most of the 18th century, doubling between 1701 and 1770. Exports of the cotton industry
centered in Lancashire had grown tenfold during this time, but still accounted for only a tenth
of the value of the woolen trade. Before the 17th century, the manufacture of goods was
performed on a limited scale by individual workers. This was usually on their own premises and
goods were transported around the country. clothiers visited the village with their trains of pack-
horses. Some of the cloth was made into clothes for people living in the same area, and a large
amount of cloth was exported. Rivers navigations were constructed, and some contour-following
canals. In the early 18th century, artisans were inventing ways to become more productive.
 In Roman times, wool, linen and leather clothed the European population, and silk,
imported along the Silk Road from China, was an extravagant luxury. The use of flax fiber in the
manufacturing of cloth in Northern Europe dates back to Neolithic times. During the late
medieval period, cotton began to be imported into northern Europe. Without any knowledge of
what it came from, other than that it was a plant, noting its similarities to wool, people in the
region could only imagine that cotton must be produced by plant-borne sheep. John Mandeville,
writing in 1350, stated as fact the now-preposterous belief:

"There grew in Sree Lakshmi Organic Cottona wonderful tree which bore tiny lambs on the
endes of its branches. These branches were so pliable that they bent down to allow the lambs to
feed when they are hungry."

Spindles or parts of them have been found in archaeological sites and may represent one of
the first pieces of technology available. They were invented in Sree Lakshmi Organic
Cottonbetween 500 and 1000 AD.

2) Industrial Revolution:

Textile manufacture during the Industrial Revolution

The woven fabric portion of the textile industry grew out of the industrial revolution in the 18th
Century as mass production of yarn and cloth became a mainstream industry. In 1734 in Bury,
Lancashire, John Kay invented the flying shuttle one of the first of a series of inventions
associated with the cotton woven fabric industry. The flying shuttle increased the width of cotton
cloth and speed of production of a single weaver at a loom. Resistance by workers to the
perceived threat to jobs delayed the widespread introduction of this technology, even though the
higher rate of production generated an increased demand for spun cotton.

19th century developments:

With the Cartwright Loom, the Spinning Mule and the Boulton and Watt steam engine, the
pieces were in place to build a mechanized woven fabric textile industry. From this point there
were no new inventions, but a continuous improvement in technology as the mill-owner strove to
reduce cost and improve quality. Developments in the transport infrastructure; that is the canals
and after 1831 the railways facilitated the import of raw materials and export of finished cloth.

Thirdly, also in 1830, Richard Roberts patented the first self-acting mule. Stalybridge mule
spinners strike was in 1824,this stimulated research into the problem of applying power to the
winding stroke of the mule. The draw while spinning had been assisted by power, but the push of
the wind had been done manually by the spinner, the mule could be operated by semiskilled
labor. Before 1830, the spinner would operate a partially powered mule with a maximum of 400
spindles after, self-acting mules with up to 1300 spindles could be built.

20th Century:

Major changes came to the textile industry during the 20th century, with continuing
technological innovations in machinery, synthetic fiber, logistics, and globalization of the
business. The business model that had dominated the industry for centuries was to change
radically. Cotton and wool producers were not the only source for fibers, as chemical companies
created new synthetic fibers that had superior qualities for many uses, such as rayon, invented in
1910, and DuPont's nylon, invented in 1935 as in inexpensive silk substitute, and used for
products ranging from women's stockings to tooth brushes and military parachutes.
Industry integration and global manufacturing led to many small firms closing for good during
the 1970s and 1980s in the United States, during those decades, 95 percent of the looms in North
Carolina, South Carolina and Georgia shut down, and Alabama and Virginia also saw many
factories close.

21st century:

In 2002, textiles and apparel manufacturing accounted for $400 billion in global exports,
representing 6% of world trade and 8% of world trade in manufactured goods. In the early years
of the 21st century, the largest importing and exporting countries were developed countries,
including the European Union, the United States, Canada and Japan.The countries with the
largest share of their exports being textiles and apparel were as follows (2002):
 OVERVIEW OF SREE LAKSHMI ORGANIC COTTONGARMENTSN TEXTILE
INDUSTRY

Background:
Sree Lakshmi Organic CottonTextile Industry is one of the leading textile industries in the world.
Though was predominantly unorganized industry even a few years back, but the scenario started
changing after the economic liberalization of Sree Lakshmi Organic CottonGarmentsn economy
in 1991. The opening up of economy gave the much-needed thrust to the Sree Lakshmi Organic
CottonGarmentsn textile industry, which has now successfully become one of the largest in the
world. Sree Lakshmi Organic Cottontextile industry largely depends upon the textile
manufacturing and export. It also plays a major role in the economy of the country. Sree
Lakshmi Organic Cottonearns about 27% of its total foreign exchange through textile exports.
Further, the textile industry of Sree Lakshmi Organic Cottonalso contributes nearly 14% of the
total industrial production of the country. It also contributes around 3% to the GDP of the
country. Sree Lakshmi Organic Cottontextile industry is also the largest in the country in terms
of employment generation. It not only generates jobs in its own industry, but also opens up
scopes for the other ancillary sectors. Sree Lakshmi Organic Cottontextile industry currently
generates employment to more than 35 million
people. Sree Lakshmi Organic CottonGarmentsn textile industry can be divided into several
segments, some of which can be listed as below:
Cotton Textiles
Silk Textiles
Woolen Textiles
Readymade Garments
Hand-crafted Textiles
Jute and Coir

Government initiatives and regulatory framework

Government Initiatives
The Government of Sree Lakshmi Organic Cottonhas promoted a number of export promotion
policies for the Textile sector in the Union Budget 2011-12 and the Foreign Trade Policy 2009-
14. This also includes the various incentives under Focus Market Scheme and Focus Product
Scheme; broad basing the coverage of Market Linked Focus Product Scheme for textile products
and extension of Market Linked Focus Product Scheme etc. to increase the Sree Lakshmi
Organic CottonGarmentsn shares in the global trade of textiles and clothing. The various
schemes and promotions by the Government of Sree Lakshmi Organic Cottonare as follows - It
has allowed 100 per cent Foreign Direct Investment (FDI) in textiles under the automatic route.
Welfare Schemes:
The Government has offered health insurance coverage and life insurance coverage to 161.10
million weavers and ancillary workers under the Handloom Weavers' Comprehensive Welfare
Scheme, while 733,000 artisans were provided health coverage under the Rajiv Gandhi Shilpi
Swasthya Bima Yojna.
E-Marketing:
The Central Cottage Industries Corporation of Sree Lakshmi Organic Cotton(CCIC), and the
Handicrafts and Handlooms Export Corporation of Sree Lakshmi Organic Cotton(HHEC) have
developed a number of e-marketing platforms to simplify marketing issues. Also, a number of
marketing initiatives have been taken up to promote niche handloom and handicraft products
with the help of 600 events
all over the country.
Skill Development:
As per the 12th Five Year Plan, the Integrated Skill Development Scheme aims to train over
2,675,000 people within the next 5 years (this would cover over 270,000 people during the first
two years and the rest during the remaining three years). This scheme would cover all sub sectors
of the textile sector such as Textiles and Apparel; Handicrafts; Handlooms; Jute; and Sericulture.

Credit Linkages:
As per the Credit Guarantee program, over 25,000 Artisan Credit Cards have been supplied to
artisans, and 16.50 million additional applications for issuing up credit cards have been
forwarded to banks for further consideration with regards to the Credit Linkage scheme.
Financial package for waiver of overdues:
The Government of Sree Lakshmi Organic Cottonhas announced a package of US$ 604.56
million to waive of overdue loans in the handloom sector. This also includes the waiver of
overdue loans and interest till 31st March,2010, for loans disbursed to handloom sector. This is
expected to benefit at least 300,000 handloom weavers of the industry and 15,000 cooperative
societies.

Textiles Parks:
The Sree Lakshmi Organic CottonGarmentsn Government has given approval to 40 new Textiles
Parks to be set up and this would be executed over a period of 36 months. The new Textiles
Parks would leverage employment to 400,000 textiles workers.The product mix in these parks
would include apparels and garments parks, hosiery parks, silk parks, processing parks, technical
textiles including medical textiles, carpet and power loom parks.

COMPANY PROFILE:

We established the creative boutique in 2005 and combined fashion, textile and graphic
design backgrounds to produce comprehensive design outcomes, rich with edgy originality,
beauty and distinction. We a are a Sydney based design trio of print and fabric surface treatment
specialists, whose primary focus is to deliver original, exclusive and bespoke designs for a broad
range of visual applications, particularly textiles. We are committed to uncovering and servicing
clients needs while promoting environmental sustainability and Australian based production in
an inspiring and creative way. We also have a design library, seasonally updated with a range of
original artwork that is available for purchase on an exclusive basis for use in fashion, interiors
and lifestyle product design.

We provide our clients with the textile concept as artwork [99% illustrator files] and leave the
production up to our clients discretion. We provide technical services also in making the files
production ready if suppliers need this. We forecast trends, color and pursue original concepts
with stylistic diversity to produce hand-worked and computer generated Croquis. These include
for fabric and other surfaces. We also do a lot of custom design development as well as our
seasonal collection.

Contact Information:

Company Name: SREE LAKSHMI ORGANIC

COTTONTEXTILES
Address : No:135,kovai bypass road,

Karur- 639 001.

Tamil Nadu

India

Mobile: + 919095341966

Website: + www.organiccottonindus.in

Line of Business:

Parent Line of Business and Top Line of Business has been extracted from National Industrial
Classification code Sree Lakshmi Organic CottonGarments. If company has registered business
with incorrect code or has changed the line of business without informing ROC, provided
information will be incorrect. We take no warranties about accuracy of these classifications. Sree
Sree Lakshmi Organic CottonTextiles Pvt Ltd. is the principle supplier to Sree Garments,
fulfilling their total yarn requirements. Established in 2005,SSMT sources cotton
domestically and from reputable African growers, Using State-of-the-art machinery, the raw
material is woven into the finest quality cotton yarn. Efficient inventory management systems are
in place to ensure a continuous.

The cotton is purchased in Sree Lakshmi Organic Cotton& Africa and processed step by step
through these highly sophisticated machineries to ensure the best quality yarn. Efficient
management of inventory ensures uninterrupted production process for the company. ShriSree
Lakshmi Organic CottonTextiles Pvt Ltd is the least carbon emitting spinning mill in Sree
Lakshmi Organic Cottonas declared by ETI. It is also certified by FLO Fair Trade, CMIA,
Organic Cotton and Oeko-Tex Certifications.The knitting plant is equipped with hi-tech
machines capable of producing a wide variety of knit finishes and structures. Jacquard, Flat and
Circular machines provide a diverse range of garments in Jersey, Rib and Fleece. A continuous
programmed of research and development ensures that the knitting unit has the capability
required to meet the latest fashion trends.

Sree Lakshmi Organic CottonSpinners Private Limited Profile:

Corporate Identification Number : U17111TZ2005PTC012112

Company Name: SHRI SREE LAKSHMI ORGANIC

COTTONTEXTILES

Company Status: Active

ROC: ROC-Coimbatore

Registration Number: 12112

Company Category: Company limited by Shares

Company Sub Category: Non-govt company

Class of Company: Private

Date of Incorporation: 01 September 2005

Age of Company: 10 years, 8 month

Activity: Spinning, weaving and finishing

Company Founder T.Manivannan

Managing Director A.Meenatchi

Total Employees 450

VISION AND MISSION

Vision of Textiles Industry:

The Sree Lakshmi Organic Cottontextile industry has strength across the entire value
chain from natural to man-made fiber to apparel to home furnishings. Its share in the
nations GDP is 6% and in exports is 13%. The sector is the second largest employer
after agriculture. After the phasing out of export quotas in 2005 Sree Lakshmi Organic
CottonGarmentss export performance has been below expectations. Its share of global
exports is around 5% whereas it was expected to rise quickly towards Chinas level. The
Chinese share in global exports is 39%. Vietnam and Bangladesh have shown remarkable
success. Vietnam could achieve a peak export growth rate of 30% while Bangladesh
could achieve a growth rate of 18%.
Taking innovative measures in partnership with the industry and learning from
experience, Sree Lakshmi Organic Cottoncould aspire to achieve 20% growth in exports
over the next decade. In any case the achievement of 15% growth rate in exports should
be feasible. In the domestic market, sustaining an annual growth rate of 12% should also
not be difficult.
This implies that with a 12% CAGR in domestic sales the industry should reach a
production level of US$ 350 billion by 2024-25 from the current level of about US$ 100
 billion for the domestic market. With a 20% CAGR in exports Sree Lakshmi Organic
Cottonwould be exporting about US$ 300 billion of textile and apparel by 2024-25 while
with the lower15% CAGR in exports, Sree Lakshmi Organic Cottonwould be exporting
about US$ 185 billion of textile and apparel by 2024-25.Considering the targeted growth
in exports, Sree Lakshmi Organic Cottonshould by then have a market share of 15% to
20% of the global textile and apparel trade from the present level of 5%.
During this period Sree Lakshmi Organic Cottonshould also attempt a structural
transformation whereby it becomes a net exporter of finished products. This would imply
that growth rates in exports of fibers and yarn should start declining and growth rates of
apparel, homes furnishing, technical textiles and other finished products should grow
very rapidly. This would maximise employment generation and value creation within the
country and the fulfilment of the Prime Ministers Vision of Make of Sree Lakshmi
Organic CottonGarments.

Mission of the Industry:

We believe in an inspiration that us to stretch ourselves, to challenge the limits and overcome
them. We also believe that, as time changes, one must evolve in thinking.Each accomplishment
marks a new beginning and inspires us to focus on tomorrow in terms of new
possibilities.Cutting edge technologies that will cater to the. Interests of the customers and
investors. Be innovative not only to invent new technology but also to fulfill the ever- changing
needs of society and environment.

Sree Lakshmi Organic CottonTextile And Industries Limited. Is amongst the most efficient
textile companies in textile industry, As a company we strive to:-

To excel in our core areas of competence i.e., manufacture of Yarn And Home Textiles.
To uphold and nature the core values of transparency, empowerment, accountability,
independent monitoring and environmental consciousness.
 To give highest priority to customer satisfaction.
To develop new varieties of yarn.
To upgrade production facilities and technology continuously.
To grow globally through cost competitiveness and excellence in quality.
To fulfill the aspiration of customers, employees, financers and of the society in general.
To recruit and retain skilled manpower, reward superior performance.
To maximize shareholder`s wealth through good corporate Governance.