Rosaiah likely to offer concession for industrialisation

03 Aug '10

2 min read

An assurance has flowed from side of the Chief Minister of Andhra Pradesh, K Rosaiah that, if the industrialists step forward to establish industries in the state, all facilities will be made available to them by the government. The assurance came as the Minister emphasized on the need for adding value to cotton, chillis and tobacco grown in the region.

While speaking at a seminar on 'Cotton industry and its future', coordinated by the Cotton Corporation of India and AP Cotton Association, Rosaiah said that, currently, farmers are cultivating cotton and are putting up for sales at a higher price. But if value addition is done then they can make more money.

Rosaiah also mentioned that, though Sri Lanka does not produce cotton, it acquires cotton yarn from other countries and then transforms it in to ready-made garments, and earns profits by exporting the same.

Further, the Minister while emphasizing on the need to establish more textile and ready-made garment units in the region, appealed the entrepreneurs to utilize the facilities extended by the Central and State governments. Also, though on account of industrialization, some households may have to forego their land but then the government will re-compensate them. The district administration has also been approached to build type-3 category residences in the district.

Panabaka Lakshmi, State Union Minister for Textiles too accentuated on the need to boost cotton produce in the State. While mentioning the Central Government's plans to establish a textile park in Chirala, Lakshmi pledged that, she would give her best for enhancing the textile industries network.

As she recalled the Central Government's move of creating a Technology Upgradation Fund (TUF) for upgrading technologies in the spinning mills, she added that, the facility has yet not yet reached the spinning mills in the district. Though, she assured that she would urge the Central Government to stretch the facility to the spinning mills in the state.

Kanna Lakshminarayana, Minister for Major Industries too while speaking at the occasion said that, he has demanded of the Union Textile Minister, Dayanidhi Maran, to develop more textile parks in the state. The Apache Park, coming up with an investment of Rs 2 billion will generate employment opportunities for over 5,000 persons, he added.

Fibre2Fashion News Desk - India

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