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Tag: N Chandrababu Naidu

Arvind signed MoU with APEDB to setup Textile Park in AP
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Arvind signed MoU with APEDB to setup Textile Park in AP

The leading denim manufacturer in India, Arvind Ltd., executive director, Kulin Lalbhai has inked a Memorandum of Understanding (MoU) with J Krishna Kishore, Chief Executive Officer of Andhra Pradesh Economic Development Board (APEDB). The Indian state which has been wooing the textile majors to establish their units in the Andhra Pradesh. State Chief Minister N […]

The Andhra Pradesh government will continue its support to both handlooms as well as power looms for which it has sanctioned Rs70 crore to setup a mega cluster for comprehensive development of handlooms in Guntur and Prakasam districts. At the inauguration of the National Handlooms Expo, state’s textile and handlooms minister, Kollu Ravindra reminded that chief minister, NChandrababu Naidu had already waived Rs110 crore worth loans to weavers in spite of the state being in financial crisis. He said the government has released Rs5.33 crore for 20 percent subsidy on purchasing yarn, colors and chemicals for 171 handloom cooperative societies. Further, Rs4 crore has been sanctioned for ‘PavalaVaddi’ loans to 166 handloom cooperative societies through APCOB. The government has also been providing power at 50 percent subsidy to power looms and till date Rs7.02 crore has been paid to power utilities. Till date, government has also facilitated 15 district level handloom expos, five special handloom expos and two national-level exhibitions including the current one. Such exhibitions provide an opportunity for the weavers to expand their market and sell their products. The National Handlooms expo will continue till January.
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AP Govt For Handloom Development

The Andhra Pradesh government will continue its support to both handlooms as well as power looms for which it has sanctioned Rs70 crore to setup a mega cluster for comprehensive development of handlooms in Guntur and Prakasam districts. At the inauguration of the National Handlooms Expo, state’s textile and handlooms minister, Kollu Ravindra reminded that […]

Loan Waiver Scheme Announced By AP Govt
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Loan Waiver Scheme Announced By AP Govt

Andhra Pradesh government has announced loan waiver scheme to handloom and powerloom sector. Under this scheme loans worth Rs.110.96 crore will be waived. It was one of the election promises made by the Telugu Desam Party president N. Chandrababu Naidu along with the debt redemption scheme for farmers. The loan waiver would be implemented during Janmabhoomi […]

Several Textile Projects To Come Up In AP
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Several Textile Projects to come up in AP

Andhra Pradesh chief minister N Chandrababu Naidu has approved several textiles projects in the state, including setting up Tarakeswar Textile Park in Sullurpet mandal of Nellore district. The project will cost Rs 337 crore and production will begin by 2017. This was announced by Naidu at a meeting of the State Investment Promotion Board (SIPB) […]

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