NTC to Invest Rs 464 Crores in AP
Hyderabad, Sept 16 (INN): The National Textile Corporation (NTC) will invest Rs 464 Crores in Andhra Pradesh in processing of Spinning and Weaving Project. The Chief Minister N Kiran Kumar Reddy and Union Minister for Textiles Kavuri Sambasiva Rao held a High Level meeting on textiles and Handlooms at Camp Office this evening.
The Union Minister has agreed to sanction 40 new proposals under Group Approach and 15 proposals under Cluster Approach in the areas not covered earlier. A mega-cluster under comprehensive Handloom Development Scheme at Dharmavaram, Ananthapuram district will be considered in the next budget, the meeting agreed. The Union Minister informed that a proposal to bailout Handloom Park at Pochampally is being considered by the Government of India and an Official Committee will work out the details.
The Union Minister also informed that relaxation of norms under “Revival Reform and Restructuring (RRR)” is under consideration of the Union Cabinet. The Union Minister asked the officials to send proposals for upgradation of obsolete powerlooms in Siricilla in Karimnagar district and Nagari in Chittoor district. The Union Minister has agreed to set up a” Centre of Excellence for Technical Textile fabric Sector” in Andhra Pradesh and requested to allot required land for this project.
The Chief Minister agreed to link-up skill upgradation in handloom sector with Rajiv Yuva Kiranalu Programme for 15 to 20,000 people during the 12th Five-year plan.
Minister for Textiles and Handlooms G Prasad Kumar, APCO Chairman Ch Hanumantha Rao, Principal Secretary, Industries Pradeep Chandra, Secretary, Handlooms and Textiles Sabyasachi Ghosh and other Senior Officials from Government of India and State Government also attended the meeting.