in ,

AP Chambers wants Integrated Mega Textile Park in state

AP-Chambers-wants-Integrated-Mega-Textile-Park-in-state

The Andhra Pradesh Chambers of Commerce and Industry Federation on Tuesday urged the Union Government to set up an Integrated Mega Textile Park in Andhra Pradesh in line with the announcement made in the Union Budget 2021-22. AP Chambers said that AP ranked seventh in terms of cotton production in India and sought the Union Government to set up a mega textile park in the State.

AP Chambers’ president KVS Prakash Rao and general secretary P Bhaskara Rao said that AP Chambers submitted a representation to the Finance Minister Nirmala Sitharaman requesting the Centre to allot an Integrated Mega Textile Park for Andhra Pradesh. They recalled that the Finance Minister announced that the Central Government would set up seven Integrated Mega Textile Parks in the country and hence AP Chambers requested the Central government to set up one such park in AP.

The leaders highlighted the advantages the State offers being one of the top 10 cotton producers in India, the presence of a large number of spinning mills, availability of raw material and skilled manpower. At present, there are about 150 spinning mills in the state of Andhra Pradesh with a capacity of approximately 4 million spindles producing 2 million kg of cotton yarn per day. In addition to this, there are about 18,000 power looms of which about 9,000 are shuttle looms and 1,300 high-speed air-jet looms.

They further explained that the state has well-developed ginning and spinning segments in the textile industry and is one of the leading producers of cotton in the country. The leaders said that West Godavari, Krishna, Guntur, Prakasam and Chittoor districts of Andhra Pradesh have many textile-based industries such as modern textile weaving, cloth weaving, hosiery and spinning mills. They said that as most of the yarn produced in the state is being exported due to the lack of value-addition, there is a dire need to set up an Integrated Mega Textile Park in the State in order to convert the major portion of the yarn produced in the state into fabric and garments within the state and to promote the state as a destination for global textile majors.

#VizagNews #Visakhapatnamnews #breakingnews #latestnewsvizag

CLICK HERE !! To be found on google search engine | Digital marketing in vizag

Comments

Leave a Reply

Loading…

0
Conservation-of-heritage-sites-is-the-utmost-need-of-the-hour

Conservation of heritage sites is the utmost need of the hour

International-Cruise-Terminal-is-getting-ready-in-Vizag-2

International Cruise Terminal is getting ready in Vizag