Govt plans measures to boost cotton goods exports
The government plans to take measures to help Indian weavers get sufficient quantity and boost exports of value-added cotton goods, which would also include imposing restrictions on export of cotton.
By Agencies |
MADURAI : The government plans to take measures to help Indian weavers get sufficient quantity and boost exports of value-added cotton goods, which would also include imposing restrictions on export of cotton. The Union government plans to impose restrictions on export of cotton to help Indian weavers. This is scheduled to be announced soon, Union minister of state for textiles EVKS Elangovan said on Monday.
Speaking to reporters here, he said the government was aware that weavers had been affected by the steep increase in cotton price and non-availability of cotton due to uncontrolled exports. Though exports helped them get better price for their produce, they had been badly affected. Plans were afoot to provide yarn to weavers at a favourable price. The government was worried that the textile sector has been hit hard, despite increase in cotton production and exports, he said. On the problems faced by the textile industry over the Indian currency getting stronger against the dollar, he said it was only one of the problems.
The main reason for the woes of the textile sector in Tamil Nadu was power cuts. ���This has been conveyed to us by textile mill owners in Karur and Tirupur,��� he said. Elangovan said the government had also announced an insurance policy for three lakh weavers. Elangovan also announced that another textile park would come up in Madurai at a cost of Rs 70 crore, the funds for which had been allocated by the Centre. The state should select a site to set up the park. A site had already been selected at Vadipatti for another park in Madurai district at a cost of Rs 30-40 crore.
Speaking to reporters here, he said the government was aware that weavers had been affected by the steep increase in cotton price and non-availability of cotton due to uncontrolled exports. Though exports helped them get better price for their produce, they had been badly affected. Plans were afoot to provide yarn to weavers at a favourable price. The government was worried that the textile sector has been hit hard, despite increase in cotton production and exports, he said. On the problems faced by the textile industry over the Indian currency getting stronger against the dollar, he said it was only one of the problems.
The main reason for the woes of the textile sector in Tamil Nadu was power cuts. ���This has been conveyed to us by textile mill owners in Karur and Tirupur,��� he said. Elangovan said the government had also announced an insurance policy for three lakh weavers. Elangovan also announced that another textile park would come up in Madurai at a cost of Rs 70 crore, the funds for which had been allocated by the Centre. The state should select a site to set up the park. A site had already been selected at Vadipatti for another park in Madurai district at a cost of Rs 30-40 crore.
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