Inaugurating a four-day buyer-seller meet in Hyderabad organised by the state textile ministry recently, handlooms and textiles joint director Purnachandra Rao informed that Telangana has allotted Rs 500 crore for modernisation of powerlooms in the textile town of Sircilla to boost the textile industry and weavers in the region.

Subhash Agarwal, President, Hyderabad Cut Piece Cloth Merchants Association stressed on the need for modernisation of state's textile industry in a big way. He noted that though government schemes are helping the market to some extent, lack of processing units and inadequate marketing opportunities are an impediment