Shri Prakash Awade elected as a Chairman of Kallappanna Awade Ichalkaranji Janata Sahakari Bank Ltd On 26th Feb 2018. He is very well known and respected figure. He has taken multitude of efforts to promote the textile industry. As a Minister of Textile, recommended to the State Government and announced 23-Point Rejuvenation Scheme for textila industry, which uplifted the industry passing through crises.Low rate Electricity, interest subsidy, 50% exemptionfor overdue loans gave major relief to powerloom industry.Made ardent efforts to diversity the conventional powerloom industry into value added industries like garment making and hosiery. His dream to transform the textile town into hi-tech city has come true in the wake of globalization. Because of his sustained efforts the textile town of Ichalkaranji is being briskly transformed into automization and is known as the biggest centre of shuttleless looms in the country. An ambitious project of textile park & industrial estate is being establisged on 200 acres of land which will be known as hub of modern textile activities such as technical textile, garment and other high-end textile products.
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