In this paper, we investigate the reliability analysis of a powerloom plant by using interval valued intuitionistic fuzzy sets (IVIFS). Herein, we modeled a powerloom plant as a gracefully degradable system having two units A(n) and B(m) connected in series. The reliability ofncomponents of unitAandmcomponents of unitBis assumed to be an IVIFS defined over the universe of discourse [0, 1]. Thus, the reliability of the system obtained is an IVIFS that covers the inherited uncertainty in data collection and reliability evaluation of a powerloom plant.