Miscellaneous - This Day That Age   

dated May 25, 1959: Textile export

Emphasising that the main problems of the textile industry in our country were modernisation of the mills and the need for proper measures to stimulate exports, Mr. Lal Bahadur Shastri, Union Minister for Commerce and Industry, inaugurating the 16th All-India Textile Conference held in Bangalore on May 24, said that it was a social crime for any management to permit a productive unit to go waste. It was the responsibility of the management, labour and technicians, he added, to see that the precious production equipment was kept intact and that it was rehabilitated as and when necessary. Mr. Shastri announced liberalisation of export incentives for cotton fabrics from July 1 for a period of six months and the grant of permission for the installation of 2,500 automatic looms per year for three years in replacement of ordinary looms.

Printer friendly page  
Send this article to Friends by E-Mail

Stories in this Section

Cartoonscape
The Hindu Crossword 9541
Solution to puzzle 9540
Advent of Kali
dated May 25, 1959: Textile export
dated May 25, 1959: Mr. Dulles passes away
dated May 25, 1959: Storm hits Kumbakonam
Weather

Copyright © 2009, The Hindu. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu