Sri Raja Rajeshwara Cooperative Spinning Mill Limited at Peddur, which was shelved for various reasons, was revived as Venkateshwara Spintex Private Limited by a private firm on Monday.
The revival of the spinning mill would come as a boon to the Sircilla powerloom industry, which consumes more than 40,000 kg of yarn per day. The raw material available abundantly in the region would give a fillip to the spinning mill to produce more yarn. The government will provide power at a subsidy of ₹ 1.50 per unit.
Principal Secretary IT and Industry Jayesh Ranjan along with Collector P Venkatarama Reddy formally inaugurated the spinning mill on Monday. Speaking on the occasion, Mr Ranjan said that the State government was taking all measures for the revival of defunct and closed industries. He said that the State government had revived FCI as Ramagundam Fertilizers and Chemicals Limited, Sirpur Khagaznagar Paper Mills, Rayons in Warangal etc.
He also said that the revival of the spinning would help the Sircilla textile industry to bring back its past glory with the availability of yarn locally for producing various fabrics. He said that the spinning mill would also supply yarn to other parts of the State and country.
Collector Venkatarama Reddy said that the revived mill would employmore than 350 workers in the region .
SP Rahul Hegde BK, SFC ED Ramesh, trainee IAS Rahul Sharma, AD (handlooms and textiles) Ashok, Venkateshwar Spintex Private Limited representatives Ranga Ashok and Vemula Venkat and others were also present.
