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Centre to give financial aid to 308 factories in Gujarat
PTI - Baroda

The Union textiles minister Mr Kashiram Rana has said that financial assitance of Rs 1,800 crore to 308 ginning and pressing factories in Gujarat will help reduce contamination in cotton and enable various types of Gujarat cotton including Hybrid-4, Hybrid-6 and Kalyan to be marketed clean.

Mr Rana said it is for the first time that such a huge sum of financial assistance is given to Gujarat which will help them in modernising and upgrading these ginning and pressing units. This programme will enable units to produce low trash and least contaminated cotton which will be acceptable to the Indian textile mills, he said.

The export earnings from textiles during 2001-2002 was Rs 60,000 crore which fell short by Rs 4000 crore of the export target of Rs 64,000 crore, the minister said adding, the decline in exports was due to various factors including the September 11 attack. This year the export earnings from textiles have been targetted at Rs 65,000 crore, he said.

It has also been decided to give financial assistance of Rs 2,180 crore to 427 ginning and pressing factories in Tamil Nadu and Rs 1059.96 crore to 65 factories in Maharashtra for modernisation and upgradation of the technology, he said.