UP govt at the Investor Summit has signed 29 MoUs in textiles

YarnsandFibers News Bureau 2018-02-27 10:00:00 – UP

The UP state handloom sector at the recently concluded two-day UP Investors Summit, signed 29 MoUs worth Rs7,436 crore. The implementation of the MoUs will boost the sales of textile items while creating opportunities for the local weavers and artisans.

A four-member committee under the textile commissioner has been formed, so as to maintain a constant touch with the investors and ensure that their problems are resolved, the state handloom and textile minister Satyadev Pauchauri said.

He also said that the state government is committed to providing every possible assistance to the investors. The committee will look into that the investors benefit from the facilities as per the textile policy of UP. The investors have appreciated the UP Handloom, Power loom, Silk textile and garment policy 2017.

Handloom and Textile minister Satyadeo Pachauri said here on Monday that investors have showed keen interest in the Handloom sector, once the investments start pouring this sector is bound to touch new heights, the minister said in a written statement issued here on Monday. However, this is a big challenge for the government.

The four member committee will be headed by the Commissioner, Textile directorate, Kanpur. The other members of the committee are Deputy Director Textile directorate, Kanpur, who will also act as secretary, Managing Director UPSIDC and finance controlled Textile directorate, Kanpur. The last two will be members of the committee.

The minister said that this committee will follow-up implementation of MoUs and remove bottlenecks if there are any. The members will talk to investors to know their reaction. This committee will also ensure that investors get the facilities as promised under the Textile policy of Uttar Pradesh.

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