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FIASWI seeks raw material bank for textile sector
Dec '12
The Surat-based Federation of Indian Art Silk Weaving Industry (FIASWI) has urged the Central Government to set up a raw material bank for the benefit of the textile industry.

Mr. Arun Jariwala, President of FIASWI, told fibre2fashion, “We appealed to the Central Government to set up a raw material bank for textile sector, similar to the one which is there for the handloom industry.”

Such a bank would help the weavers to acquire knowledge on manufacturing various types of fabrics, gathering raw materials and also in their marketing activities.

Talking about the advantages of raw material bank for weavers, he said, “The society or association of weavers would receive certain beneficiary schemes from the Central Government without submitting any legal documents for financial guarantee like the legal property document.

“The weavers would also have the choice of storing certain yarns in the raw material bank as an investment to procure it at the time of shortage and sell it at a festive price,” he adds.

He says, “We are waiting for the Government to decide on the policy.”

Fibre2fashion News Desk - India

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