Budget 2006 – Fabric First

The government will allocate Rs. 350 million to write off unpaid loans accumulated by the fabric processing industry in 2006. The government will allocate Rs. 350 million to write off unpaid loans accumulated by the fabric processing industry in 2006. The move will help the government restart fabric manufacturing in Thulhiriya and in Horara.

The state is also setting aside Rs. 250 million to set up training and research centres in the fabric manufacturing centres to train the manpower needed to run the factories.