Home / Knowledge / News / Textiles / 17 textile mills of Kerala govt sector need revival
17 textile mills of Kerala govt sector need revival
26
Jun '17
Close to 17 textile mills in the government and cooperative sectors of Kerala need revival and an expert committee has suggested infusing Rs 494.81 crore in capital for it. The one-time fund infusion needs to be time-bound, considering that all the mills should benefit at the same time. This will depend on the political will of the Kerala government.

The sector employs thousands of people and the government does not have time to lose, P Nandakumar, chairman of the expert committee told a leading daily. He is sceptical about the government's understanding about the situation's enormity and its potential to bring about a socio-economic change for society's lower rungs.

The expert committee worked in association with the South Indian Textile Research Association and suggested implementing the strategy over a period of nine months. Time-bound implementation will help the mills grow and begin making profits from the third year itself, said Nandakumar.

The chairman also said that the infusion has to be a one-time requirement and the mills will be capable of upgrading themselves within 5 years. Stakeholders as well as workers will benefit from the revival. One an average, workers can be expected to earn Rs 20,000 per month.

The size of Kerala's local market is Rs 3,500 crore and the per capita consumption of cloth in Kerala is 34 metres, as opposed to the all-India average of 16-17 metres. The expert committee has recommended that the government can cater to this demand by developing a Kerala brand using the capacities of handloom, powerloom and spinning mills.

Implementation of the strategy to revive the mills is expected to increase capacity utilisation from 55.4 per cent to 98.5 per cent. (KD)

Fibre2Fashion News Desk – India


Must ReadView All

Apparel/Garments | On 23rd Sep 2017

AAFA urges negotiators to preserve TPLs in NAFTA

The American Apparel & Footwear Association (AAFA), an alliance of...

Textiles | On 23rd Sep 2017

SIMA urges Centre to re-look duty drawback rates

he Southern India Mills’ Association (SIMA) has appealed to the...

Textiles | On 23rd Sep 2017

PKR 690.65-mn budget for Pakistan Cotton Committee

The Pakistan Central Cotton Committee (PCCC) recently approved a PKR...

Interviews View All

Shiladitya K Joshi
Truetzschler India Private Limited

India ITME provides a platform to interact with our stakeholders

Evelyne Cholet
UCMTF

‘France had a reputation of being big in new ideas, but poor in marketing...

Rajiv Sirohi
Shara

‘Portugal is taking away a major share of the mill made sector.’

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

September 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search