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Bengal invites investors for setting up power looms
The Mamata Banerjee government is inviting investors to set up power looms and other textile related industries at the upcoming Integrated Textile Park at Ashoknagar and Banipur of Habra in North 24-Parganas.
Crisis in Bhiwandi powerloom sector
Bhiwandi has approximately 6.5 lakh power looms, which is 33 per cent of country’s total power looms. Out of 6.5 lakh, about 15-20,000 looms are automatic and mostly China made rapier, writes B Basu.
Maharashtra approves textile policy for 2018-23
The Maharashtra cabinet has approved a new textile policy for 2018-2023 to attract investment of Rs 36,000 crore and generate 10 lakh jobs. Reducing power tariff and raising capital subsidy for spinning mills are two key aspects of the policy, which takes forward the ‘Make in Maharashtra’ idea to strengthen the cotton industry and silk business.
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