Rs 500 crore for power loom modernisation in India’s Telangana

India’s Telangana state has allotted Rs 500 crore for modernisation of power looms in the textile town of Sircilla to boost the textile industry and weavers in the region, state handlooms and textiles joint director Purnachandra Rao said inaugurating a four-day buyer-seller meet in Hyderabad organised by the state textile ministry recently.

Hyderabad Cut Piece Cloth Merchants Association president Subhash Agarwal stressed the need for modernisation of state's textile industry in a big way.

Though government schemes are to some extent helping the market, lack of processing units and inadequate marketing opportunities are an impediment, a news agency report quoted Agarwal as saying.