The Union Minister of Commerce, Industry and Textiles Shri Anand Sharma met the Finance Minister Shri Pranab Mukherjee, here today to urge a loan restructuring for debt stressed textiles industry. Textiles Industry Associations had represented to Shri Sharma of high stress levels and industry sickness and sought his intervention for a restructuring package. Industry associations

The Union Minister of Commerce, Industry and Textiles Shri Anand Sharma has directed the Ministry of Textiles to formulate a restructuring program for the textiles industry in consultation with Ministry of Finance and Reserve Bank of India. “The restructuring program could address issues like moratorium on repayment of TUFS loans, packing credit in foreign currency