National Textile Corporation to invest Rs. 464 cr. in State

The National Textiles Corporation will invest Rs. 464 crore in processing a spinning and weaving project in the State. The Union Textile Ministry has agreed to sanction proposals for 40 new projects under group approach and 15 under cluster approach in areas not covered earlier. A mega cluster under comprehensive handloom development scheme at Dharmavaram, Anantapur, will be considered in the next budget, Union Textiles Minister K. Sambasiva Rao said.

Mr. Rao was participating in a meeting on textiles and handlooms convened by Chief Minister N. Kiran Kumar Reddy here on Monday. Senior officials and Handloom Minister G. Prasad Kumar attended the meeting. Mr. Rao said that the Central government was examining a proposal for bailing out the handloom park at Pochampally and an official committee would workout the details. He wanted officials to send proposals for upgradation of obsolete powerlooms at Sircilla in Karimnagar district and Nagari in Chittoor district. The Chief Minister, on his part, agreed to link skill upgradation in handloom sector with Rajiv Yuva Kiranalu programme.