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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.

Related Keywords: BJP MLA, Foreign direct investment, Ichalkaranji, implement textile policy, invite experts, New textile committee, Suresh Halwankar, Textile town

A new textile committee has been set up under the chairmanship of Suresh Halwankar, BJP MLA from Ichalkaranji, a textile-town in Kolhapur district to effectively implement the textile policy.

The previous committee consisted of national and state level textile institutions, business associations and bureaucrats, the new one has only bureaucrats except Halwankar, a second time MLA.