Home / Knowledge / News / Textiles / Indian Govt approves 21 new Textile Parks
Indian Govt approves 21 new Textile Parks
13
Jul '12
Government has sanctioned 21 new Textiles Parks under the Scheme for Integrated Textiles Parks with a project cost of Rs. 2100 crores to be implemented over a period of 36 months. Minister for Commerce, Industry and Textiles Shri Anand Sharma as Chairman of the Project Approval Committee under the Scheme accorded approval to the recommendations of the Inter Ministerial Project Scrutiny Committee which examined 55 proposals for new Textiles Parks in the country.

The Scheme for Integrated Textiles Parks seeks green field investments in textiles sector on a public private partnership basis with the objective of setting up world class infrastructure for Textiles industry.

Commerce, Industry and Textiles Minister Shri Anand Sharma said “sanction of new Textiles parks would catalyze significant additional investments with industry utilizing the benefits both under the Scheme for Integrated Textiles Parks for development of common infrastructure; and under the Technology Upgradation Funds Scheme for installation of Plant and Machinery.”

Government has enhanced the allocation under TUFS from Rs. 8000 crores to Rs. 15404 crores under the 11th Five Year Plan and under the SITP an allocation of Rs. 400 crores has been made for sanction of new Textiles Parks in April 2011. Commerce Industry and Textiles Minister said that the new Textiles Parks would leverage an investment of over Rs. 9000 crores and provide employment to 4 lac textiles workers. Government would finance common infrastructure with a subsidy upto Rs. 40 crores per Textiles park.

Government has received a huge response to the roadshows held at Chennai, Bangalore, Hyderabad, Ahmedabad and Mumbai for seeking proposals for Textiles Parks under the Scheme for Integrated Textiles Parks. Proposals received were scrutinized by an inter ministerial Project Scrutiny Committee on the basis of project cost, land size, net worth of investors, employment generation and value chain to be developed by the industry.

Government also sought to ensure balanced regional development, promote textiles industry in North Eastern States and in States where the industry is in a nascent stage of development and promote textiles parks in cooperative & handloom sectors. 6 new Textiles Parks have been sanctioned in Maharashtra, 4 in Rajasthan, 2 each in Tamil Nadu and Andhra Pradesh, 1 each in Uttar Pradesh, Gujarat, Tripura, Himachal Pradesh, Karnataka, Jammu & Kashmir and West Bengal.

The product mix in these parks would include apparels and garments parks, hosiery parks, silk parks, processing parks, technical textiles including medical textiles, carpet parks, powerloom parks. “The focus of Government has been to ensure value addition through aggregation to best utilize India’s raw material surplus in cotton and cotton yarn for enhanced labor employment and export earnings” said Textiles Minister Shri Anand Sharma.

Lead Investors heading the Special Purpose Vehicles of the above listed Textiles Parks and the Project Management Consultant firms would be invited by Government in the coming days to enter into MOUs for implementing the projects. Government seeks to ensure timely implementation of the sanctioned projects and changes to avoid cost and time overruns have been incorporated into the MOUs to be entered into by Government under the scheme.


Must ReadView All

Textiles | On 20th Sep 2017

India needs to double cotton farmers’ income: top official

India needs to double the income of cotton farmers and non-farmers...

Textiles | On 20th Sep 2017

Pakistan seeks more JVs with China: textile minister

The Pakistani Government wants to forge more joint ventures (JVs)...

Apparel/Garments | On 20th Sep 2017

Egypt’s garment exports touch $941 million in 8 months

Egypt's garment exports touched $941 million in the first eight...

Interviews View All

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Kevin Nelson
TissueGen

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

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Robert Brunner
Devereux

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

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

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

September 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
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

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
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

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
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

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
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


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