Madurai, Mar 24 (UNI) The Centre will soon announce its plans to impose restrictions on export of cotton to help Indian weavers, Union Minister of State for Textiles E V K S Elangovan said.
Talking to newspersons here today, he said the Government was aware of the crisis faced by weavers due to the steep increase in cotton price and non-availability of cotton due to uncontrolled exports.
The Government had planned to take measures to help weavers get sufficient quantity of cotton and boost exports of value added cotton goods, he added.
He said plans were afoot to provide yarn to weavers at affordable price.
On the problems faced by the textile industry over the Indian currency getting stronger against the US Dollar, he said, ''it is only one of the problems.'' The main reason for the problems in the textile sector in Tamil Nadu was the power cuts. Textile mill owners in Karur and Tiruppur had conveyed this to the Government, he said.
He said the Government had also announced an insurance policy for three lakh weavers.
He further said another textile park would come up in Madurai at a cost of Rs 70 crore.
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