Rajasthan textile units import powerlooms at low prices
20 Oct 2009, 1027 Hrs

Add comment          Mail          Print          Write to Editor

* Education Directory * Exam Results * Who is Who * Information *Tutorials * Articles * Quote * Classified

Bhilwara (Rajasthan), Oct 20 Cashing in on the global meltdown, textile industries in Bhilwara in Rajasthan imported about 15000 power looms from sick units abroad.

The textile industries imported around 15000 second hand machineries worth approximately 12 billion rupees from sick units forced to pull down their shutters due to recession.

"As per rough estimates, till now textile industries in Bhilwara have imported 14,000-15,000 machines with an approximate value of 10 billion-12 billion rupees," said Suresh Kogta, Joint Secretary, Synthetic Cloth Mill Association.

Till few months before, these hi-tech cloth weaving looms were used in weaving cloth for the buyers in European market. But today textile industry of Bhilwara is the proud owner of these looms.

The normal price of these highly advanced looms is around nine million rupees, but they have been imported at just fifteen per cent of the price, including the transportation.

"We are expecting that textile industry will expand 25 per cent more in future than what it is today. Because all the land in Bhilwara, which is to be utilised for constructing industries, are already booked," said Kogta.

Bhilwara was the birth place of the textile industry in 1961. The city has since emerged as India's largest manufacturer of suitings, fabrics and yarn. Its share in the polyester fabrics sector is around 50 per cent in India.

Today, Bhilwara has around 400 medium and big sized units weaving suiting clothes worth rupees 3.5 billion rupees per month.

Bhilwara produces some major garment brands like BSL, Mayur Suitings and Suzuki Suitings. By Lokendra Singh (ANI)

Related Latest

Government to reduce import duty on hydrid vehicles: Deshmukh Simple, low cost method helps locate landmines Sugar prices force three adjournments of Rajya Sabha Sugar prices lead to bitter start for parliament India may import rice, if necessary, says Pranab Mukherjee India may have to import rice this year: Mukherjee Corruption index: India scores low on integrity India scores low on integrity, says Transparency International Rajasthan rebuked for irresponsible litigation Blame stress for low self-esteem among youth

Related Latest

What kind of China at PM's banquet? Security beefed-up in Mumbai ahead of 26/11 anniversary Test match against India starts from scratch, says Sangkkara Sonia Gandhi assures support to wives of Hemant Karkare, Vijay Salaskar Indian sub-continent is prone to nuclear war: Army Chief Chhattisgarh man, a snake venom junkie Centre to set up six Spice Parks Widows of 26/11 martyrs meet Sonia 'Pigeon' McGrath still as miserly and deadly as in his hey-day India -ASEAN free trade agreement to come into force in January 2010

• What kind of China at PM's banquet?
• Security beefed-up in Mumbai ahead of 26/11 anniversary
• Test match against India starts from scratch, says Sangkkara
• Sonia Gandhi assures support to wives of Hemant Karkare, Vijay Salaskar
• Indian sub-continent is prone to nuclear war: Army Chief

• भारतीय क्रिकेट की मजबूत दीवार
• कंगारूओं के आगे ढेर, चीतों से कैसे मुकाबला करेंगें शेर
• Reducing greenhouse gases may not be enough to slow global warming
• बीकानेर महापौर चुनावः एक विश्लेषण
• Deepawali: The Festival Of Lights