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IKEA brings in modernized Punja looms

IKEA, the Swedish home furnishings manufacturer has brought modified designs in Punja looms which are used for making durries, carpets etc., for sustained development. It has partnered with its supplier Eastern Home Industries to develop the loom with ergonomic and mechanized. Working on Punja looms is a tough task and requires hard work and the new improvement will mean more workforce can be brought in for training and development

Textile Ministry receives approval for IPDS from CCEA

Textile Ministry which has mooted the Integrated Processing and Development Scheme has received approval from Cabinet Committee of Economic Affairs (CCEA). The scheme will be carried out during the five year plan (2012-2017) and has received a grant of Rs. 5 billion. It will be used for common facilities in the textile parks such as captive power generation on technology, preferably renewable/green technology; infrastructure such as storm water management, common effluent treatment plants, necessary roads and pipelines for water & wastewater; and facility for testing and R&D centres. The scheme will also support existing processing clusters.

Karnataka Government receives Rs. 10 billion for textile units

Karnataka government is set to receive Rs. 10 billion as package aid to revive its textile sector unit. Currently, it is setting up a textile park in Doddaballapur near Bangalore and Yadgir in north Karnataka. The funds will be used to increase minimum wages of weavers, training and for development of textile parks. It will also use the funds to revive 9 co-operative spinning mills.

Textile Industry see rise in non-operational units

Textile Industry in unorganized sector is going through challenges of low productivity, supply chain bottlenecks, labour challenges. Overall a fragmented industry with weaker brand positioning has resulted in closure of over 30% of textile units in the last decade of 2001-2010. The share of job loss from the industry is around 6%. According to a study from ASSOCHAM, increased domestic competition and high investment cost for latest technology has resulted in large number of non-operational units. In Tamil Nadu, around 54% of textile mills have gone non-operational. Currently, the organized sector in textiles employs around 1.4 million people and contributes to 4% of GDP and 10% in exports.

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