Home / Knowledge / News / Textiles / 55 proposals received for setting up textile parks - Minister
55 proposals received for setting up textile parks - Minister
25
Aug '11
In a written reply to the Rajya Sabha, Textiles Minister Anand Sharma has revealed that 55 proposals have been received by the Government for setting up new integrated textile parks across the country.

The Minister stated that under the Scheme for Integrated Textile Parks (SITP), the Government has made a provision for rupees four billion in the budget for establishing new textile parks.

Presently, 40 such textile parks exist in different States like West Bengal, Tamil Nadu, Andhra Pradesh, Karnataka and Gujarat.

The Minister said that SITP is steered by demand and the quantum of investment is decided by the investors depending on the commercial feasibility.

Under the Scheme, the Government bears 40 percent of the cost towards infrastructure and common amenities, subject to an upper limit of Rs. 400 million.

The Government has approved proposals for setting up two silk parks - Kanchipuram AACM Handloom Silk Park and Doddabalapur Integrated Textile Park - with an aim to boost special yarn and silk production, the Minister said.

Fibre2fashion News Desk - India


Must ReadView All

US merchandise trade with India, 2012–16; Courtesy: USITC

Textiles | On 27th Jul 2017

India becomes US’ 9th largest trading partner in 2016

In 2016, India became the United States’ 9th-largest single-country...

Textiles | On 27th Jul 2017

GST will lead to further increase of MMF prices

The Goods & Services Tax (GST) rolled out on July 1, 2017 is not...

Textiles | On 27th Jul 2017

Global yarn production improved 30% q-o-q in Q1: ITMF

In the first quarter of 2017, global yarn production rose by almost...

Interviews View All

Abhishek Samdaria
Reflete

GST will certainly reduce a lot of paperwork in future

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Darshan Mehta
Infinium Polychem

We are spending double digit figures on R&D

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X