Home / Knowledge / News / Textiles / TN approves Rs 90 million subsidy for textile parks
TN approves Rs 90 million subsidy for textile parks
10
Jan '12
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


Must ReadView All

Textiles | On 23rd Aug 2017

US govt initiates Section 301 investigation of China

The US government has initiated an investigation of China under...

Apparel/Garments | On 23rd Aug 2017

BRC welcomes clarity on goods flow during Brexit

British Retail Consortium (BRC) has welcomed the greater clarity that ...

Textiles | On 23rd Aug 2017

Pakistan minister seeks ideas to boost textile sector

The Pakistani Government will come out with short- and long-term...

Interviews View All

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

Vasanth Kumar
Max Fashion India

‘Traditional high-street retailers are now willing to offer franchisees to ...

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Lynda Kelly
Suominen Corporation

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

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Ashok Desai
Bombay Textile Research Association

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

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

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

August 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

Active Poll

Do you see sustainability as a route to business growth?

Yes
67.7%
No
16.1%
Skip
16.1%

Total Votes: 31

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

Yes No

Active Poll

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

Yes
45.2%
No
35.5%
Skip
19.4%

Total Votes: 31

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

Yes No

Active Poll

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

Yes
83.9%
No
6.5%
Skip
9.7%

Total Votes: 31

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

Active Poll

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

Yes
61.3%
No
9.7%
Skip
29.0%

Total Votes: 31


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