NDB to revive handloom industry
The NDB recently initiated a program to rebuild the defunct handloom
textile industry. The pilot project of a long-term development program
was launched in Kuleegama, Divulapititya in the Gampaha district which
was once renowned for its handloom products.
NDB with the Department of Textile Industries and the Divisional
Secretariat of Divulapitiya will support skilled weavers in the village,
who have been away from the industry since 2002, to resume
The initial meeting organised by NDB with representatives of the
Department of Textiles and the Divisional Secretariat officials was
attended by over 30 manufacturers.
NDB will meet the capital expenditure for the initial setting up of
enterprises including purchase of weaving machines and raw material and
also fill working capital gaps at the latter stages of production.
The Bank and Department of Textiles will provide continuous guidance
and training on enterprise management, marketing and distribution and
technical skills development to equip the manufacturers with the
business and technical know-how.
The Department of Textiles will also impart technical advice to the
weavers to produce contemporary products that are better-suited for the
To encourage the younger generation to take up the profession, a
handloom training centre will be set up in the village which will be
administered under the guidance of the department.
The Ministry of Industry and Commerce will create demand for the
products with a buy back arrangement and by directing private sector
buyers to the manufactures.
Vice President and Head of Retail and SME Banking of NDB, Raj
Aboobucker said, "Reviving the waning traditional industries in the
country and creating better market and export opportunities for such
entrepreneurs is a priority in NDB's agenda for SME development.
NDB's initiative for handloom textiles in Kuleegama and the earlier
initiative for the mask industry in Ambalangoda are first steps of
long-term programs to reinforce identified traditional industries."