Introduction
The Powerlooms Industry is a small-scale industry, one of the job-oriented rural industries contributing to its full capacity to the growth and development of our country. The industry is rightly called a small-scale industry as it requires small capital investment and less maintenance cost. Owing to this, the industry is mostly widespread in rural areas.
The Powerloom Industry has been clustered and flourished in the following prominent powerloom centres in Maharashtra:
Bhiwandi (Thane District)
Ichalkaranji (Kolhapur District)
Sholapur (Sholapur District)
Malegaon (Nasik District)
Dhule (Dhule District)
Sangli (Sangli District)
Most of these powerlooms are working in the decentralized sector. The sector mostly comprises small units containing 2 to 4 powerlooms, and these units are working on a job work basis i.e., powerloom holders obtain raw material from traders and supply woven cloth in turn at certain terms and rates of wages.
The Powerloom Sector provides direct employment to about 10 lakh persons.
Registration & Capital
Registration No. under Companies Act, 1956 : U51504MH1972SGCO15583
Authorized Share Capital : Rs. 20 Crores
Paid-up Share Capital : Rs. 19.91 Crores
Main Objectives of MSPC
To supply improved equipment and accessories required for the Powerloom Industry.
To supply raw materials required for the Powerloom Industry [as per 1].
To assist in the marketing of products of the Powerloom Weavers.
To install and run dye-houses, plants for pre-weaving facilities, bleaching, calendaring, mercerizing, printing, anti-shrink processing, and other processing plants required for the Powerloom Industry [as per 1].
To raise finance for the above purposes by issue of Share Capital, Debentures, Bonds, or by raising loans or accepting deposits with or without guarantee of the Government of Maharashtra.
To carry on all kinds of agency business relating to the above.
To undertake the study and preparation of project reports, feasibility studies, and to act as a general consultant in Powerloom trade.
To establish, erect, buy, sell, organize, own, conduct, supervise, manage Spinning and Weaving Mills, and carry on business of Ginners, Spinners, Weavers, Dyers, Manufacturers, Balers, and Pressers of all kinds of fibrous materials and cultivation thereof.
To engage in tanning, preparing, colouring, dyeing, bleaching, processing, purchasing, and vending raw materials and manufactured articles, combing, bleaching, printing, selling, and otherwise dealing in all kinds of cloth, textiles, and goods made of fibers.
