Govt to revive sick textile units, implement scheme to increase production
Updated: Dec 18, 2013 04:49:53pm
New Delhi, Dec 18 (KNN) The government has put in place various measures to identify non-operational textile factories and revive them.
“Government has set up Board for Industrial and Financial Reconstruction (BIFR) under Sick Industrial Companies (Special Provisions) Act with a view to arranging the timely detection of sick and potentially sick companies and for the speedy determination of preventive, ameliorative and remedial measures which need to be taken in respect of such companies including closed mills,” said Minister of State for Textiles, Panabaaka Lakshmi in the Rajya Sabha today.
According to official data, there were 1958 cotton / man-made fibre textile mills (Non-SSI) enlisted with 8,66,962 workers on their roll as on 31.10.2013. Out of these, 546 cotton / man-made fibre textile mills (Non-SSI) were lying closed as on 31.10.2013 with 2,86,207 number of workers on the role of these 546 closed mills. The number of closed mills comes to around 28 per cent of total textile mills (Non-SSI) and the number of workers on roll in these closed textile mills is around 33 per cent of total workforce.
Meanwhile, the government in 2000 had commissioned the Technology Mission on Cotton (TMC) to address the issues of raising productivity, improving quality and reducing the cost of production and thus provide competitive advantage to the textile industry along with ensuring attractive returns to the farmers.
In order to protect the interests of the farmers, every year, the government fixes the MSP on the basis of the recommendations of the Commission for Agricultural Costs and Prices (CACP).
“Accordingly, taking into consideration recommendation of the CACP, the support price during 2013-14 for medium staple length cotton has been fixed at Rs 3700/- per quintal and for long staple at Rs 4000/- per quintal,” said an official notification.
Further, it has engaged the services of ICRA Management Consulting Service to assess the impact of TMC.
The study revealed that farmers lacked understanding of good quality cotton and have limited awareness of good harvesting, storage and transportation practices and that there is a scope for education, training of farmers in areas of best farm practices, usage of new technologies and better packing, storage and transportation practices. (KNN/ST)
“Government has set up Board for Industrial and Financial Reconstruction (BIFR) under Sick Industrial Companies (Special Provisions) Act with a view to arranging the timely detection of sick and potentially sick companies and for the speedy determination of preventive, ameliorative and remedial measures which need to be taken in respect of such companies including closed mills,” said Minister of State for Textiles, Panabaaka Lakshmi in the Rajya Sabha today.
According to official data, there were 1958 cotton / man-made fibre textile mills (Non-SSI) enlisted with 8,66,962 workers on their roll as on 31.10.2013. Out of these, 546 cotton / man-made fibre textile mills (Non-SSI) were lying closed as on 31.10.2013 with 2,86,207 number of workers on the role of these 546 closed mills. The number of closed mills comes to around 28 per cent of total textile mills (Non-SSI) and the number of workers on roll in these closed textile mills is around 33 per cent of total workforce.
Meanwhile, the government in 2000 had commissioned the Technology Mission on Cotton (TMC) to address the issues of raising productivity, improving quality and reducing the cost of production and thus provide competitive advantage to the textile industry along with ensuring attractive returns to the farmers.
In order to protect the interests of the farmers, every year, the government fixes the MSP on the basis of the recommendations of the Commission for Agricultural Costs and Prices (CACP).
“Accordingly, taking into consideration recommendation of the CACP, the support price during 2013-14 for medium staple length cotton has been fixed at Rs 3700/- per quintal and for long staple at Rs 4000/- per quintal,” said an official notification.
Further, it has engaged the services of ICRA Management Consulting Service to assess the impact of TMC.
The study revealed that farmers lacked understanding of good quality cotton and have limited awareness of good harvesting, storage and transportation practices and that there is a scope for education, training of farmers in areas of best farm practices, usage of new technologies and better packing, storage and transportation practices. (KNN/ST)
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