Shillong, Oct 8: Meghalaya deputy chief minister BM Lanong said that Meghalaya will soon produce its wool with the assistance of Central Wool Development Board (CWDB) under the union ministry of textile and also have a Wool Bank.
Lanong said at the inaugural function of the 2nd Shillong Woolen Expo 2012 Monday  at the Youth Hostel premises that the Wool Bank will be a subsided as the union textile ministry will be funding it .
The production of wool and the Wool Bank will incorporate sheep and angora rabbit and other wool producing animal rearing, technical expertise, training and setting up of a infrastructure for wool exhibition cum sale and information.
Lanong congratulated the Indian Chamber of Commerce (ICC) who has been spearheading a series of programs to promoted northeast India not only as a favourite tourist destination but also as an ideal investment destination by relentlessly co-coordinating with all the concerned department to make it happen.
Lanong said, “Meghalaya has a great potential in this regard like other north eastern states and we deserve to have wool industry or bank in different states of the region.’ He said the Meghalaya government will associate with ICC in all respects to work jointly towards livelihood generations and industrial promotions.
Observing that most of the cattle reared in the state were used for meat consumption, Lanong said it was time for diversification of animal farming into woolen and garment industry even as he admitted that sheep rearing was rare in the state which will now find prominence with the process of setting up of a Wool Bank is in its penultimate stage.
Lanong also informed that he had been in constant touch with ICC official and union ministry for textile on the Wool Bank project.
ICC-NER Nakib Ahmed said that setting up of the wool bank is ideal as the demand of woolen products is vast due to the fact that Northeastern part of India comprised mainly of hilly states and where the duration of winter is longer than other parts of the country.- By Our Reporter
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