SRINAGAR: Re-affirming that all the available resources would be pooled to restore the pristine glory of State’s world famous Silk Factory at Rajbagh, the Minister for Industries and Commerce, Chander Parkash Ganga Tuesday said that the World Bank has approved over Rs 23 crore for ‘revival and restoration’ of the factory.
This was stated by Ganga during his visit to the factory. He was accompanied by Vice Chairman, J&K Industries Ltd Gulzar Ahmad, Commissioner Secretary, Shailendra Kumar, Managing Director JKI and other concerned officials.
According to an official press note issued here, Managing Director (MD) JKI (Jammu and Kashmir Industries Limited) gave a detailed presentation on various aspects of the design drawings for the restoration of the silk factory.
“The funds for the revival of Silk factory at Rajbagh have been approved by the World Bank under the scheme ‘Livelihood for Composite Market Implementation Centre for Whole Chain of Silk Activity at Silk Factory Rajbagh Srinagar’,” MD JKI said.
Officials at the factory briefed the minister that the devastating floods of September 2014 had deteriorated the positioning of the factory as its looms, raw material and finished silk products stored in the showroom were damaged by the deluge, further read the note.
“World Bank support will enable the corporation to upgrade the current infrastructure for increasing silk manufacturing capacity from 12,000 metres to around 5 lakh metres annually,” noted the document.
In order to preserve and revitalize the Silk Factory as a heritage site, the minister stressed that “while restoring its past glory as a major silk producing industry, the need of the hour is to improve its viability as a self sustaining and employment generating public sector unit”.
The minister also interacted with workers who put forth their demands, assuring them of redressing their genuine demands on priority.