Power looms in Sircilla get Rs 4.33 crore for modernisation
Power looms in Sircilla get Rs 4.33 crore for modernisation.The Central government has released Rs 4.33 crore under GO-84 for the modernisation of power looms in Sircilla.
Karimnagar: The Central government has released Rs 4.33 crore under GO-84 for the modernisation of power looms in Sircilla.In the united Andhra Pradesh, the previous government chose Sircilla for modernisation of ‘low technology power-looms’ to face the competition in textile industry.
‘Modernisation of Power Looms' scheme was started in November 2013 in Sircilla by the then Central Minister for Textiles Dr Kavuri Samba Shiva Rao.There are 40,000 power looms in Sircilla, out of which 35,000 looms are working with low technology.
Under the scheme, a subsidy of Rs 15,000 to Rs 1.20 lakh will be given to each loom for modernisation. The owners of the power looms who want to utilise this opportunity can apply at Power loom Textile Regional Centre in Bangalore or ‘Power-loom Service Centre’ in Hyderabad.