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TMI BlogRestructuring of Textiles SectorX X X X Extracts X X X X X X X X Extracts X X X X ..... Restructuring of Textiles Sector X X X X Extracts X X X X X X X X Extracts X X X X ..... ry suffered a downturn in 2011-12, due mainly to the global economic slowdown and partially the high price volatility in the international and domestic cotton market. To ease the resultant financial d ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... istress, recognizing the Handloom sector as the most vulnerable segment of the Textile industry, Government announced a Handloom Revival, Reform & Restructuring Package under which Rs.3884 crore was a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... llocated for waiver of loans of handloom cooperatives, individual weavers, etc. and for interest subsidy, margin money and credit guarantee for fresh loans. Government also approved a debt restructuri ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ng package to help loss making textile mills, to be administered on a case by case basis by the banks within the prudential norms of the Reserve Bank of India. Following the debt restructuring of the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... mills, there are no losses reported by the industry. Meantime, production indicators have also turned positive for yarn and fabric, showing a 7.9% growth in total spun yarn and a 4.7% growth in total ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... fabric production in April-September 2012 in comparison with the same period in the previous year. This information was given by the Minister of Textiles, Shri Anand Sharma in a written reply in the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Lok Sabha today.
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