The Telangana Government plans to set up a Yarn Depot for the power loom sector at Vemulawada in the Rajanna Sircilla District.
A proposal for the establishment of this Yarn Depot was first initiated by Commissioner of Handlooms & Textile and Apparel Exports Parks, Hyderabad.
The government will set up this Yarn Depot with an investment of Rs 50 crore, with most of this fund being used for procurement and maintenance of the required yarn as buffer stock at the depot. Telangana State Handloom Weavers Society Cooperative (TGSCO) will act as the nodal agency for this project.
Shailaja Ramaiyer, Principal Secretary (Handlooms, Textiles & Handicrafts), Department of Industries and Commerce, Government of Telangana, states, permission for the establishment of this Yarn Dept has been granted after a careful examination of the proposal. A corpus fund of Rs 50 crore to run the Yarn Depot has also been sanctioned under Special B.C Welfare Budget.
