Financial Daily from THE HINDU group of publications
Friday, Feb 18, 2005
Financial Daily from THE HINDU group of publications Friday, Feb 18, 2005 |
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Industry & Economy
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Textiles `Govt willing to ease burden of EC Act on spinners' Our Bureau
Coimbatore , Feb. 17 TEXTILE sector is keen to disengage from the purview of the Essential Commodities Act. But, the Central Act does not want this to happen that easily. Exemption of the textile industries from the Essential Commodities Act, one of the long pending demands of the sector, would mean lot more for the Textiles Ministry. Scrapping the Act for the textile sector will be amounting to doing away with the statutory hank yarn obligation on the industries that compels minimum quantity of cotton yarn in hank for consumption of the decentralised handloom weavers. This is because the hank yarn obligation is the last straw of the enforcement control the Textiles Ministry could today exercise over the industries as all other textile control orders under the Essential Commodities Act relating to textiles had been done away with long back. The dilemma of the Textiles Ministry on whether the applicability of Essential Commodities Act on the industry be kept or not has displayed itself in the meeting the Secretary of Textiles, Mr Poornalingam, had with the members of the Southern India Mills Association here on Wednesday. The Textile Secretary was in the meeting willing to ease the burden of the Essential Commodities Act on the spinners by offering exercise of the provisions of the hank yarn obligation `with mild force', but he wanted the industry to come out with suitable suggestion for an alternative enactment that ensure on the hank yarn obligation. According to Mr Poornalingam, the Government wanted to continue with the hank yarn obligation scheme to protect the interests of the handloom weavers. He said that the Government needed some alternative Act to be in place if the industry did not want the Essential Commodities Act to continue. "The Ministry has not taken any final view on this issue and we have sounded the industry to do debate before some legal framework is evolved," said Mr Poornalingam.
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