Project Report For Power loom
Project report for Power loom is as follows.
A power loom is a mechanical loom that was one of the important developments in the early Industrial Revolution’s industrialisation of the image weave. Edmund Cartwright devised the first power loom in 1786, and it was produced the same year. Over the next 47 years, it was developed until a design by Howard and Bullough made the procedure totally automatic. The Lancashire loom was created in 1834 by James Bullough and William Kenworthy and was named after them.
The dispersed power loom sector plays an important role in supplying the country’s clothing demands. The power loom industry produces a vast range of cloth, both grey and treated, in a number of colours. In the power loom sector, both fabric production and job creation have been quickly growing. During the years 2000-2001, the decentralised power loom sector produced 23,803 million square metres of cloth and employed 4.15 million people. The figures for 2001-2002 are expected to be 25,542 million square metres and 4.23 million square metres, respectively. Its output was expected to be 59.13 per cent of the country’s total fabric output (2000-2001).
Market potential & Strategy
Powerloom fabric competes well in the worldwide market and adds significantly to the country’s export revenues. the earlier and the information submission methods were substantially simplified. The Textile Commissioner’s regulatory powers were significantly restricted in recognition of the increasing liberalisation in economic policy.
The All India Powerloom Board was established in November 1981 as an advisory body. On December 21, 2000, this Board was reconstituted for a two-year term. Its members include officials from the federal and state governments, as well as the federation/association of the power loom industry. The reconstituted AIPB had its first meeting on 9/5/2001 in New Delhi and its second meeting on 15/12/2001 in Mumbai. The policy approach to the Powerloom Industry can be summarised as facilitating technology up-gradation in the sector in order to improve quality of production and productivity, while also providing a set of temporary welfare measures that will provide a social safety net for those hardest hit by the growth of international trade.
The textile package, introduced by the Finance Minister in the 2001-2002 Budget, called for the decentralised industry to be modernised by introducing 50,000 shuttleless looms and 2.5 lokh semi-/auto looms.
Create 100% Bankable Project Report