Opening of two yarn banks in Surat

Surat, DeshGujarat

Two leading weavers organizations in Surat will operate yarn banks which are going to be inaugurated today by Textile Secretary and Textile Commissioner.

The initiative has been taken by Pandesara and Ved road based weavers organization in cooperation with union Textile ministry.

As per this project, working capital will be generated through assistance of Textile ministry of Government of India to purchase the stock of yarn. Later the yarn bank members will be supplied yarn. Both organizations(Ved and Pandesara) are allocated fund of Rs. 50 lakh each.

Meanwhile in other development, The Southern Gujarat Chamber of Commerce and Industry and local Textile industry leaders have planned a center of excellence for Textile at Sarsana Trade Center. Rs. 100 crore project which is still in concept stage will be discussed today during Textile Commissioner’s visit to Surat.

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