The Telangana government has allotted Rs 500 crore for modernisation of powerlooms in the textile town of Sircilla to give a fillip to the textile industry and the powerloom weavers in the region.

Speaking after inaugurating a four-day buyer-seller meetorganised by the Textile Ministry here Thursday, Handlooms and Textiles Joint Director Purnachandra Rao said the meeting would provide an opportunity to power loom manufacturers to expand their markets, an official release said.

"All the government orders are being given to them to help increase their earnings," he said.

Regional Textile Commissioner (Regional Office) Bengaluru, Assistant Director Gaurav Gupta said the textile industry was the second largest after agriculture, providing employment to lakhs of people.

He noted that the government was organising buyer-seller meets at various places in the country to provide market support for the development of the powerloom sector.

Hyderabad Cut Piece Cloth Merchants Association President, Subhash Agarwalstressed the need for modernisation of state's textile industry in a big way.

The government's schemes are to some extent helping the market, but lack of processing units, marketing opportunities are to be improved for the industry to thrive, the release quoted him as saying.

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