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Wednesday, Oct 15, 2003

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Subsidy for handloom sought

Our Correspondent

MADURAI: The Madurai Urban District Unit of the Centre of Indian Trade Union (CITU) has urged the Central and State Governments to extend subsidy for handloom goods and tax relief on hank yarn to help the handloom weavers in the city to compete with their counterparts in neighbouring countries in the international market, at a meeting held here recently.

In a resolution adopted by the union, it has been pointed out that in neighbouring countries handloom goods export has been promoted with higher subsidy, while Indian manufacturers suffered due to high cost in the Sellur area in the city. The union has pointed out that the number of handlooms in operations has come down 2000 now. In the absence of sufficient export orders, these looms were not in a position to continue the production for more than 10 days a month.

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