'MNCs keen on tie-ups with J&K govt for fibre export'

Some global companies have evinced interest to form a tie-up with the state government of Jammu and Kashmir for supply of export quality linen fibre and tweed, state industries and commerce minister S S Slathia said on Wednesday.

“Some multinational companies have desired to tie-up with the J&K government for supply of export quality linen fibre and tweed from HDC Srinagar,” Slathia said here.
He was speaking at a function after inaugurating state of art, sale-cum-exhibition showroom set up by the Jammu and Kashmir Industries Ltd.

Slathia said tweed cloth and silk produced by the JKIL is in tremendous demand both in and outside the country with advance booking.

The minister assured that JKIL shall also be brought under the ambit of sixth pay commission recommendations very soon, as its production is expected to touch all time high target of 1.75 lakh meters of fibre in the coming fiscal as against 40,000 meters during the current financial year.

The production level was only 4,000 meters before four years when the present government took over, he said.

Comments (+)