Textile Minister Vaghela urges powerloom sector to avail scheme benefits

16 Jul '05

2 min read

Union Textiles Minister Shri Sankarsinh Vaghela called upon the powerloom sector to exploit the opportunities offered by various government schemes. The Minister learnt that though powerloom sector accounts for about 65 per cent in cloth production, the share in the drawal of government subsidies has been in the range of only 1-2 per cent. Shri Vaghela chaired the first meeting of reconstituted All India Powerloom Board, here today.

A pilot project for linkage between 50 identified exporters and identified fabric producers for participation in the programme of upgradation of quality of fabrics. It was announced that the Government targeted to install/upgrade 60,000 shuttleless looms within the remaining Tenth Plan.

Shri Vaghela stressed on the need for technological upgradation of the powerloom industry to ensure successful participation in the globalization process and called upon the powerloom schemes.

After reviewing the sector the Ministry has identified certain issues for immediate attention. Collateral security for loans should be done away with; back-ended payment of subsidy should be reviewed; State Governments be asked ensure power supply to powerlooms; Schemes/procedures should be publicized in regional language; Subsidy under 20 per cent CLCS should be released with bank loans are few among them.

Textiles Secretary, senior officials of the Ministry, representatives of the State Governments, banks and the representatives from powerloom industry attended the meeting. Textiles Commissioner appraised the meeting about various measures adopted and contemplated for the powerloom sector. Banks and State Government representatives listed various steps taken for furthering the interests of powerloom sector.

Press Information Bureau Government of India

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