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Telangana ginners to help cotton farmers

Ginning mills in Telangana have been urged to help cotton growers. Cotton growers in the state have been finding it difficult to get a fair deal because of record production this year. Now mills will be given incentives to step up cotton purchases from farmers in the market.

An exclusive delint and solvent industrial park will be set up in the state if ginning mill owners come forward and invest. A budget of Rs 1,200 crores has been allocated by Telangana’s textile sector for 2017-18. Some industrial parks will also be established with housing for workers and staff proposed within the textile parks. Telangana has achieved a year on year growth of 10.1 per cent in gross state domestic product as compared to the national average of 7.1 per cent in financial year ’17. The state has also been ranked first for ease of doing business reforms for 2015-16 by the World Bank.

Telangana is in the process of formulating a textile and apparel policy that contemplates waiver of personal loans of handloom weavers. Fresh loans are proposed to be given at three per cent interest. Subsidies will be given for capital investment and purchase of equipment by entrepreneurs. Tax incentives and power subsidies are being examined.