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MoC approves six projects under IIUS
14
Mar '08
The meeting of Industrial Infrastructure Upgradation Scheme (IIUS) held Under the chairmanship of Shri Kamal Nath, Union Minister of Commerce & Industry, here on 11th March, 2008, has approved six projects with a total cost of Rs.373.35 crore including central grant of Rs.247.80 crore.

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So far 26 projects with total cost of Rs.1766.18 crore and involving central grant of Rs.952.10 crore have been sanctioned under IIUS. These project works are at different stages of implementation and five projects are nearing completion.

A critical evaluation of the Scheme is being conducted by M/s Ramky Enviro Engineers Limited, the preliminary indication of the evaluation has been positive.

These projects would be executed by Special Purpose Vehicles involving the local industry associations. The projects are aimed at improving the competitiveness of the clusters by providing infrastructure such as garments complex, dyeing plant & ETP, training centre, design/ quality lab, road, water supply, electricity distribution, testing centres, raw material bank, weavers' workstation, display centre, CAD/CAM/CAE centre, R&D centre, hazardous waste management facility, etc.

It is expected that these projects would lead to enhancement of export, physical integration with backward & forward linkages, technological improvement, better product quality through dyeing, designing & quality testing, product innovation & diversification and increase in production and market size.


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