An aid of more than Rs. 23 crore has been approved by the World Bank for restoration of a famous silk factory, once known as largest in the world, at Rajbagh in Jammu and Kashmir. This was stated by the minister for industries and commerce, Chander Parkash Ganga. The silk factory located in Rajbagh suffered huge damage in 2014 devastating flood.
“The funds for the revival of the factory have been approved by the World Bank under the scheme ‘Livelihood for Composite Market Implementation Centre for whole chain of silk activity at Silk Factory Rajbagh, Srinagar’,” MD Jammu and Kashmir Industries Limited in a statement said.
– Apparel and Textile News, Apparel Talk, Indian Apparel
