New PSU will help textile industry

Textile industry here welcomed the announcement in the Railway Budget that a Transport Logistics Corporation of India (TRANSLOC) would be created in the public sector to expand freight handling capacity, and provide end-to-end logistics solution.

“Formation of such a PSU to extend help from the point of sourcing of any material to the delivery point including the areas not transported by railway, and the plan to design wagons based on commodity are novel ideas that would prove to be highly beneficial for textile industry.

Designing of wagons to suit commodities will attract more transportation of goods like cotton which is usually large in volume,” said D. Prabhu, secretary of Texpreneurs Forum.

Raja Shanmugam, chairman of Confederation of Indian Industry (Tirupur district council), was of the opinion that steps to create dedicated freight corridors across the country, and the decision to open a round-the-clock helpline, were good.