In the past decade, 379 sick textile mills have been closed down affecting the lives of 200,000 workers.
Tamil Nadu is the biggest sufferer with 106 mills closed there while Maharashtra saw the closure of 48 mills followed by 46 in Gujarat.
Minister of State for Textiles, E V K S Elangovan informed that Rs100 crore had already been disbursed to the affected workers under the Textile Workers Rehabilitation Fund Scheme in the same period.
Elangovan disclosed that funds generated through sale of land and other assets of National Textile Corporation (NTC) are being used to revive and modernize the units, in repaying the debt and payment to workers under voluntary retirement scheme.
National Textile Policy targets to export textile and clothing worth US $50 billion by 2010 even though a study by CRISIL in 2004 has kept it at $40 billon only.
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