Govt approves Rs 1000 cr for special textile package
Updated: Oct 10, 2013 05:06:59pm
Bengaluru, Oct 10 (KNN) The central government has approved a special textile package of Rs 1,000 crore to the state for setting up textile parks and skill development centres across the state and for reviving of nine spinning mills.
The move will help revitalise nine spinning mills and in converting cooperative loans given to beneficiaries into equity shares.
The state Textiles, Ports and Inland Water Transports Minister Baburao Chinchansoor yesterday said in a statement in New Delhi that of the total amount, Rs 10 crore will be paid towards dues raised from state run banks to build the integrated textile park at Doddaballapur near Bangalore and to set up textile parks and skill development centres across the state.
The minister was in New Delhi to participate in the conference of state textile ministers.
Chinchansoor also said that a part of the grant will be used to increase minimum wage for poor weavers, pay arrears of incentives and subsidies to investors.
The state textiles ministry has plans to set up an international textile park at Yadgir and a skill development centre at Gulbarga in the northeast region of the state with funds from the special package.
The funds will also be utilized in providing skill development training to the unemployed youth in the handloom and power loom sectors. (KNN/SD)
The move will help revitalise nine spinning mills and in converting cooperative loans given to beneficiaries into equity shares.
The state Textiles, Ports and Inland Water Transports Minister Baburao Chinchansoor yesterday said in a statement in New Delhi that of the total amount, Rs 10 crore will be paid towards dues raised from state run banks to build the integrated textile park at Doddaballapur near Bangalore and to set up textile parks and skill development centres across the state.
The minister was in New Delhi to participate in the conference of state textile ministers.
Chinchansoor also said that a part of the grant will be used to increase minimum wage for poor weavers, pay arrears of incentives and subsidies to investors.
The state textiles ministry has plans to set up an international textile park at Yadgir and a skill development centre at Gulbarga in the northeast region of the state with funds from the special package.
The funds will also be utilized in providing skill development training to the unemployed youth in the handloom and power loom sectors. (KNN/SD)
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