Telangana has urged the Union Government to help the state's textile industry
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24 January 2022, Mumbai:
Telangana Industries Minister KT Rama Rao has requested the Union Government's help for a number of projects the state is pursuing in the handloom and textiles sectors.
He requested Union Finance Minister Nirmala Sitharaman and Union Textile Minister Piyush Goyal to release federal money for critical projects like as the Kakatiya Giant Textile Park (KMTP) in Warangal and the mega powerloom cluster in Sircilla in a letter to both.
KT Rama Rao also requested the establishment of an Indian Institute of Handloom Technology (IIHT) in the state, and suggested the handloom park in Pochampally as a location for it.
In Hyderabad, he also proposed the establishment of a National Textile Research Institute and a Handloom Export Promotion Council. KTR has requested funding of roughly Rs. 898 crore to begin infrastructure development at KMTP.
KMTP is built on the 'fiber to fashion' idea and spans 1,200 acres. Similarly, he recommended the Center to provide a financing of Rs. 49.84 crore for the mega powerloom cluster at Sircilla, out of a total estimated investment of Rs. 993.65 crore, to fill in the gaps and implement other components.
Allowing upgradation of powerlooms under the IN-SITU scheme, sanction of 15 block level handloom clusters (BLCs) under the national handloom development programme (NHDP), and relaxation of bank financing requirements for large textile projects under the amended technology upgradation fund (ATUF) from the existing 50% of the project cost to 5% to help companies finance their projects according to their size.....all of these things have been requested by Telangana.
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