Chennai, Mar 14 (UNI) Tamil Nadu Finance Minister Thangam Thennarasu on Friday

told the State Assembly that to address the evolving technological needs of the

powerloom sector, which supports the livelihood of five lakh powerlooms, a Powerloom

Modernization Scheme will be implemented at an estimated cost of Rs.50 crore.

Presenting the Budget for the year 2025-26 in the House, he said this project will provide

capital subsidies to upgrade three-year-old conventional powerlooms into modern ones,

enabling the production of high-value fabrics.

Annually, a sum of Rs.30 crore will be allocated to upgrade 3,000 looms, while Rs.20 crore

will be designated for establishing infrastructure such as loom sheds, common facility centres,

and quality testing laboratories to support exports in powerloom clusters.

Stating that the State Government has been implementing the Handloom Support Scheme to

address market demand in the handloom industry and ensure fair wages for weavers, he said

to enhance production efficiency and ensure the precise manufacturing of ready-made garments

and home textiles in compliance with export standards, a capital subsidy of up to 50 per cent will

be provided for installing new, fully computerized fabric cutting machines with CAD/CAM software

in Common Facility Centres.

This scheme will be implemented over the next five years at an estimated cost of Rs.50 crore.

To promote the production of technical textiles and to encourage investment in this sector in

Tamil Nadu, the ‘Tamil Nadu Technical Textile Mission’ will be implemented.

A fund of Rs.15 crore will be provided for this initiative.

UNI GV 1850