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Related Keywords: capital investment, expert committee headed by P. Nandakumar, Kerala state government, modernization strategy, recommended one time fund infusion, revive seventeen mills, sustainable development, working capital

Kerala state government’s expert committee headed by P. Nandakumar, comprising, among others, M.P. Sukumaran Nair, chairman, Public Sector Restructuring and Internal Audit Board, has recommended one time fund infusion of Rs. 494.81 crore, Rs. 317.89 crore for capital investment, and Rs. 176.93 crore as working capital for revival of 17 mills in the State with a sustainable development and modernization strategy.

Related Keywords: assure work for three hundred days, bring back glory to ailing traditional sector, coming with a revival package, Directorate of Handlooms and Textiles, handloom, initial phase, Kerala state government, rope in traditional weavers

Kerala state government has come out with a revival package to bring back glory to its ailing traditional sector, Handloom. According to officials with the Directorate of Handlooms and Textiles, some 3,400 traditional weavers to be roped in during the initial phase will be assured work for 300 days.

The traditional weavers, who had been forced to go in search of greener pastures owing to lack of work and poor wages, would be wooed back and cooperative societies that closed shop would be persuaded to resume functioning.