Hyderabad: The State government on Tuesday floated two separate corporations – Telangana Handloom Development Corporation Limited (THDCL) and Telangana Powerloom and Textiles Development Corporation Limited (TPTDCL), to improve the socio-economic status of weavers and to facilitate the holistic development of power loom sector respectively. Both the corporations have been separately floated with a total share capital of Rs 5.1 crore each.
Handlooms and Textiles director Shailaja Ramaiyer, Deputy Secretary for Industries P Kiran Kumar, and another official from Finance Department will be members of both the corporations. These corporations will be established with an initial capital of Rs 10 lakh each and the remaining Rs 5 crore each will be provided after the commencement of operations. According to the orders issued, the State government approved the proposal to establish the THDCL to develop handloom industry, provide sustainable livelihood to handloom weavers and also buy back all the products produced on handlooms in the State by playing the role of Master weaver through floating an exclusive Handloom Development Corporation.
To ensure high-quality standards of products and time schedules for production, an in-house pre and post-loom processing facilities will be set up paving the way for the creation of an exquisite range of silk, cotton, linen and synthetic fabrics. The corporation will also market the handwoven fabrics under an exclusive brand, not only in India but also in the global market. It will also have an exclusive export division to cater exclusively to the requirements of global players.
Similarly, the TPTDCL will promote, aid and facilitate holistic development, welfare and rehabilitation of the Powerloom sector, along with weavers, ancillary and indirect industries associated with the industry. The exclusive Powerloom Development Corporation has been established with an aim to create a necessary infrastructure which includes the establishment of pre and post-loom facilities for the powerloom industry. The corporation will also procure all government requirements of cloth to support the powerloom industry.