TALE OF TWO STATES: WHAT NUMBERS TELL US
Mint Mumbai|November 28, 2023
10 years on, the bifurcation has worked well for Telangana, but Andhra Pradesh finds itself in a financial quagmire
N Madhavan
TALE OF TWO STATES: WHAT NUMBERS TELL US

Power looms are noisy and the sound, more than 100 decibels that their rotating and sliding mechanical parts make, overwhelms when one enters almost any street in Sircilla. This small town, with a population of just 92,910, about 120 km from Hyderabad, has as many as 30,352 weaving units. Most of them are small; operating inside weavers’ homes, they produce sarees and polyester cloth.

A visitor to the town 20 years ago would not have received a similar welcome as weavers then were in deep distress. With falling orders, high yarn prices, rising power costs and cheap imports, they incurred losses and piled up debts. As machines remained idle for most days, they were unable to repay the debts and many committed suicide. Others chose to migrate elsewhere in search of menial jobs.

Things have changed since 2016. Weavers are back in business, thanks to large orders from the government of Telangana. Between 2016 and 2023, the state procured 58.56 crore metres of cloth valued at ₹2,758 crore. They also get power and yarn subsidies.

“I finally repaid last year the ₹5 lakh debt that I had taken nine years ago," says Gajula Mallesham, who operates 10 looms in his house. “We went through hell. Things are better now," he adds.

This transformation has triggered a reverse migration. Workers from Jharkhand and Odisha have found jobs in these weaving units and in the textile and weaving parks the state government has set up in the town.

Sircilla is the constituency of K.T. Rama Rao, working president of the Bharat Rashtra Samithi (BRS), Telangana’s ruling party, and son of chief minister K. Chandrashekar Rao.

Esta historia es de la edición November 28, 2023 de Mint Mumbai.

Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.

Esta historia es de la edición November 28, 2023 de Mint Mumbai.

Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.

MÁS HISTORIAS DE MINT MUMBAIVer todo
Reduction of energy costs in the telecom sector
Mint Mumbai

Reduction of energy costs in the telecom sector

With telecom infrastructure companies looking for newer ways to cut back on energy costs, battery restoration technology provides telecom infrastructure firms with a viable, economical and green solution for uninterrupted power supply

time-read
5 minutos  |
November 15, 2024
Skip cheese and sip wine in Switzerland
Mint Mumbai

Skip cheese and sip wine in Switzerland

Beyond chocolates and cheese, there's another Swiss gem to discover — vineyards that have been passed down through the generations

time-read
4 minutos  |
November 15, 2024
Mint Mumbai

Bankers aren't always frank about bank regulation

The 'world's banker' Jamie Dimon, CEO of JPMorgan Chase, speaks his mind even if it means taking swipes at US regulators.

time-read
4 minutos  |
November 15, 2024
Baku: A climate breakthrough looks depressingly bleak today
Mint Mumbai

Baku: A climate breakthrough looks depressingly bleak today

The success of fossil fuel-favouring politics threatens the planet

time-read
3 minutos  |
November 15, 2024
Global solidarity levies can play a vital role in our climate efforts
Mint Mumbai

Global solidarity levies can play a vital role in our climate efforts

Solidarity taxes could support redistributive measures and optimize how we collectively tackle a great challenge of our times

time-read
3 minutos  |
November 15, 2024
Speak for the Earth: It's the least we should do
Mint Mumbai

Speak for the Earth: It's the least we should do

This year's Booker prize winner turns our gaze to the planet from orbit and reminds us of the climate disaster that looms. Can odes sung to Earth move the world to act in its defence?

time-read
3 minutos  |
November 15, 2024
Mint Mumbai

Aim for an efficient carbon market right from the start

India's economy is projected to grow dramatically over the next few decades. In nominal terms, it may double in size by 2030. This is exciting, but it comes with a significant risk.

time-read
3 minutos  |
November 15, 2024
Mint Mumbai

Why health insurers refuse to cover certain treatments

While 12 modern treatments are covered, many advanced procedures are yet to be included

time-read
3 minutos  |
November 15, 2024
Mint Mumbai

Address economic distress with structural reforms and not doles

Cash transfers may offer short-term relief but raising worker incomes is the only lasting solution

time-read
3 minutos  |
November 15, 2024
Mint Mumbai

FUNDING FOREIGN EDUCATION: SHOULD YOU SAVE OR BORROW?

Education financing needs vary, but early planning is key to building your desired corpus

time-read
2 minutos  |
November 15, 2024