Related Keywords: Chairmanship, cotton purchase, for sick textile mill, Kiran Talekar, MLA BJP, Newly restructured committe, one time settlement scheme, power loom operator, powerloom and textile sector, refund of value added tax, Suresh Halwankar
The newly-restructured committee on reforms in the power looms and textiles sector, under the chairmanship of Suresh Halwankar has been asked by the government to come up with some recommendations for the survival and growth of the textile industry. In this connect, he sees privatization as one-time settlement scheme for sick textile mills, where private players will be given 51% share of the mill to revive them.
