The handloom sector struck rich at the just concluded ‘UP Investors Summit’ in which the department signed 29 Memorandum of Understanding (MoUs) worth Rs 7436 crore which in turn culd generate over 5 lakh jobs.
Handloom and Textile minister Satyadeo Pachauri said that investors showed keen interest in Handloom sector as the department signed 29 MoUs worth Rs 7436 crore.
“Once the investments start pouring in, the sector is bound to scale new heights. This is a big challenge for the government. If we are able to implement MoUs by strict follow ups we will be able to generate over 5 lakh jobs in just one year,” the minister said in a written statement issued in lucknow on Monday.
To ensure implementation of MoUs, a four-member committee has been set up which will be headed by Commissioner, Textile Directorate, Kanpur. The other members are Deputy Director Textile directorate, Kanpur, who will also act as secretary, Managing Director of UPSIDC and Finance controlled Textile directorate, Kanpur.
The minister said that the committee will follow-up implementation of MoUs and remove bottlenecks if there were any. The members will talk to investors to know their reaction and also ensure that investors got facilities as promised under Textile Policy of UP.
“The investors have appreciated UP Handloom, Powerloom, Silk textile and Garmenting Policy, 2017. Our effort would be to ensure that all MoUs were implemented and for this we need a strong follow-up process. We will be in touch with the investors and assure them all possible help,” he said.