The proposal for providing subsidy of up to Rs. 90 million to all the textile parks to be established in the south Indian State of Tamil Nadu under a consolidated scheme has been approved by the State Chief Minister J Jayalalithaa.
The Chief Minister has approved the proposal with a view to help the State's textile industry attract more investments, which, in turn, would lead to higher employment generation.
The Jayalalithaa government has been taking several steps to uplift the State's textile industry by way of introducing several new technologies and innovative ideas.
A consolidated textile park scheme, aimed at ensuring development of the State textile industry through establishment of new parks and attracting new investments, is in existence since 2005.
According to an official release, the CM has given her approval for providing subsidies up to a maximum of Rs. 90 million to the textile parks to further intensify their development, and has also directed establishment of a monitoring committee to oversee implementation of the same.
Last month, the State CM sanctioned allocation of a sum of Rs. 1.274 billion to 15 common effluent treatment plants (CETPs) in Tirupur.
Effluents released by 754 dyeing units and 20 CETPs flowed into the nearby Noyyal river and other water reservoirs meant for irrigation. Hence, based on a petition made by the farmer's federation, the High Court directed implementation of CETPs.
As it was decided to introduce state-of-the art machineries at the dyeing units in order to address the issue, interest-free loan of Rs. 2 billion to 20 units in the region was approved. The allocation of Rs. 1.274 billion forms a part of the same policy decision.
Such allocation is seen to prove helpful in attaining zero discharge targets, and would benefit both the farmers as well as the dyeing units.
The official release stated that the State government has resolved to either adopt the system followed at Arulpuram Tamilnadu Water Investment Corporation Limited or the Nano effluent treatment system being followed in Gujarat, on experimental basis, and is hopeful that the move would bring a cheer to farmers and dyeing unit employees in Tirupur region.
Fibre2fashion News Desk - India
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