MINISTER OF STATE IN THE MINISTRY OF TEXTILES (SMT. PANABAAKA LAKSHMI)
(a) & (b): Yes, Madam. For restructuring of high cost debts of textiles units, in the
organized sector, Ministry of Finance in September 2003 introduced a Debt Restructuring
Package to help textiles units overcome their unsustainable debt burden, the jurisdiction
of the Board for Industrial and Financial Reconstruction (BIFR) under Sick Industrial
Companies (Social Provisions) Act is also applicable for textiles sector.
(c): State-wise details of cotton/man made fibre textile mills (Non-SSI) in operation
and closed textile mills as on 31-08-2010 is at Annexure.
(d): There is no direct policy formulated by the Government of India to rehabilitate
workers rendered unemployed due to closure of mills. However, the Government of India
launched the Textile Workers Rehabilitation Fund Scheme (TWRFS) on 15-09-1986 to provide
interim relief to the textile workers rendered unemployed as a consequence of permanent
closure of any particular portion or entire textile unit in the private sector.