The job working powerloom units in Palladam will soon have common facilities that will help them manufacture value-added fabrics.
According to Velusamy, president of the Palladam Powerloom Job Workers’ Association, the plan is to set up common sizing, bleaching, printing, stitching, and cutting units with modern machinery. “We have formed a private company called Palladam Powerloom Cluster. It currently has 45 members. The Central Government approved our project and recently sanctioned Rs. 12.5 crore and the State Government has given Rs. 1 crore. We will also invest Rs. 5 crore, part of which will be bank loan,” he said.
The members of the company, who now produce grey fabric, will be able to add value. They can print, stitch, and make different products. They can scale up to become “own manufacturers” from job working, he said. They work will be done at a minimal cost for the members. The newly-formed company is looking for land. “We are trying to identify four to five acres.” The Central Government has provided back-ended subsidy. So the works have to commence for the Government funds to come in. The private company has to become sustainable, Mr. Velusamy added.
This is a project sanctioned through the MSME Ministry to help clusters set up common facilities.