Home / Knowledge / News / Textiles / India govt releases funds to boost J&K handicrafts
India govt releases funds to boost J&K handicrafts
Feb '12
In its bid to boost the handicraft industry of Jammu & Kashmir, the Government of India has released a sum of Rs. 105 million for upgradation of 2000 conventional carpet looms in the State. This was announced by J&K Minister for Industries and Commerce, SS Slathia.

The Minister held a meeting with the members of the Kashmir Chamber of Commerce and Industry (KCCI) to workout the future course of action for development of trade and industry in the State.

Mr. Slathia presided over the meeting, which was attended by KCCI President Abdul Hamid Punjabi, SICOP Managing Director RK Razdan, Industries and Commerce Commissioner/Secretry Umang Narula, SIDCO Managing Director M Mauzam, JKI Managing Director Javed Iqbal, Handloom Development Department Director Chandra Gupta, Handicrafts Department Director Muzaffar Hussain and others.

The Minister also informed that the State government would soon begin its efforts to workout modalities for execution of the stimulus package for sick units under the Prime Minister's Task Force Programme. The Centre has approved a sum of Rs. 1 billion for the purpose and the State government would also contribute a matching share, he added.

The package, which is proposed to be implemented by J&K Development Financial Corporation, would prove to be of great help in providing a stimulus to industrial activities in the State, the Minister said, and urged the Industries and Commerce Department officials to start preparing a base for implementation of the stimulus package.

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: India ITME

Textiles | On 8th Dec 2016

Industry needs to create 1cr jobs in 3yrs: Kavita Gupta

Sharing several initiatives laid out by the government in R&D,...

Textiles | On 8th Dec 2016

Package will boost made-ups sector: SIMA

The reforms package approved by the Union Cabinet to boost employment ...

Textiles | On 8th Dec 2016

Cabinet okays reforms to boost jobs in made-ups sector

The Union Cabinet chaired by prime minister Narendra Modi has given...

Interviews View All

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Vasanth Kumar
Max Fashion India

‘Traditional high-street retailers are now willing to offer franchisees to ...

Silke Brand-Kirsch
Schlegel und Partner

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

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Silvia Venturini Fendi
Fendi s.r.l

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

Robert Brunner

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

December 2016

December 2016

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


Browse Our Archives


Advanced Search