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Online edition of India's National Newspaper Wednesday, August 01, 2001 |
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Reviving textile mills
Sir, - The BJP-led NDA Government should take over sick textile
mills to check unemployment and a disastrous fall in cloth and
yarn production.
In Maharashtra alone, there are 21 sick textile mills managed by
the Maharashtra State Textile Corporation (MSTC). These mills
provide sustenance to 45,000 workers. Some mills are taken over
under the provisions of the Industries (Development and
Regulation) Act of 1951 and entrusted to the MSTC. As the mills
have been incurring heavy losses, the burden of loans for making
up these losses has mounted steeply. The sickness of these mills,
which were viable and good, was because of man-made decisions.
The profits of the mills were diverted towards setting up of new
industries. Behind every sick mill, there is the tragic story of
gross mismanagement, rapacious greed and callous disregard for
the fate of workers.
The Tirupati Cotton Mills, which was a pioneer mill in
Rayalaseema, was closed by the National Textiles Corporation and
the company has been paying idle wages. During the lay off
period, several leaders tried to restart the mill, but in vain.
The Government can restart the mill with some capital.
Agarala Easwara Reddi,
Tirupati, A.P.
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