The powerloom sector plans to increase the total number of looms in the country by 50 per cent during the next five years.
“It is a challenging target, but we can meet it,” Chairman of the Powerloom Development and Export Promotion Council Bharatkumar M. Chhajar told The Hindu here on Saturday.
The country now had 22.5 lakh powerlooms. The council envisaged increase in the number of looms by 50 per cent by 2015. Indian weavers should increase production and export world-wide. The weavers would be able to compete in the global market only by increasing production, he said. The Union Ministry of Textiles was likely to reintroduce the Technology Upgradation Fund Scheme from January, 2011 and with the integrated textile park scheme, in another two years, the powerloom sector was expected to grow by 25 per cent in terms of production.