Try GOLD - Free
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
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.
This story is from the November 28, 2023 edition of Mint Mumbai.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Mint Mumbai
Mint Mumbai
Bank-funded acquisitions won't displace private credit
The Reserve Bank of India's (RBI) draft framework for bank-led acquisition finance marks a decisive policy turn: Indian banks can now enter the acquisition finance market within a clear perimeter, reshaping the competitive dynamics between banks and private credit funds.
3 mins
November 20, 2025
Mint Mumbai
Air India lobbies to use airspace over China's Xinjiang
India-China flights resumed after a five-year hiatus.
1 mins
November 20, 2025
Mint Mumbai
Nitish Kumar to take oath as Bihar CM
JD(U) supremo Nitish Kumar to be sworn-in as Bihar chief minister for a record 10th time.
1 min
November 20, 2025
Mint Mumbai
A fresh perspective on abstraction in art
A new exhibition in Mumbai showcases different approaches to abstraction by artists like Zarina, Seher Shah and Mehlli Gobhai
3 mins
November 20, 2025
Mint Mumbai
Govt eyes post-cut GST revenue surge
FinMin expects Nov GST receipts growth to rebound to 10%
2 mins
November 20, 2025
Mint Mumbai
PayMate pulls plug on West Asia operations
The Visa-backed B2B payments firm is scrambling to raise more funds
2 mins
November 20, 2025
Mint Mumbai
Exide's dual bet: Can lithium-ion offset a weakening core?
Exide Industries Ltd is struggling to fuel its core lead-acid business while simultaneously turning its capex-heavy lithium-ion venture into a viable second growth engine.
1 mins
November 20, 2025
Mint Mumbai
Bank-funded acquisitions won’t displace private credit
The Reserve Bank of India's (RBI) draft framework for bank-led acquisition finance marks a decisive policy turn: Indian banks can now enter the acquisition finance market within a clear perimeter, reshaping the competitive dynamics between banks and private credit funds.
3 mins
November 20, 2025
Mint Mumbai
Afghanistan trade minister seeks India investments, goods
Afghanistan's Taliban trade minister arrived in India on Wednesday on a maiden visit to draw greater investments and goods as both countries consider ways to enhance their relations in the backdrop of souring relations with neighboring Pakistan.
1 min
November 20, 2025
Mint Mumbai
Fractal Analytics bets heavily on R&D in AI race before IPO
Enterprise artificial intelligence firm Fractal Analytics plans to maintain high research and development (R&D) spending ahead of its market debut for which a date has not yet been set, a top executive has said.
2 mins
November 20, 2025
Translate
Change font size

