Home / Knowledge / News / Textiles / Status of compliance on scheme of Integrated Textile Parks
Status of compliance on scheme of Integrated Textile Parks
08
Nov '12
The Cabinet Committee on Economic Affairs (CCEA) approved to start implementation and issuing financial sanction to the 21 parks sanctioned in the 11th Plan and to carry over the committed liability beyond Rs.200 crore amounting to Rs.819 crore into the 12th Plan, in amendment of the approval granted by the CCEA in October, 2010.

The CCEA further approved the adoption of amendments in guidelines of the scheme to improve implementation.

The scheme of Integrated Textile Parks has been successful in terms of leveraging private sector investment, employment generation and creation of need-based and product based world class state of the art infrastructure for the industry.

With the increasing costs of production in the established clusters and highlighted emphasis on environmental compliances, there is a growing need for establishment of such green field textile parks.

In October 2010, the CCEA approved a proposal for “Sanction of additional Parks under SITP to utilize the balance Rs.200 crore in the 11th Plan and number of projects to be limited in such a way that committed liability of the new Parks does not exceed Rs.200 crore in the 12th Plan”. In accordance with this decision, 21 parks were sanctioned.

The Cabinet Committee on Economic Affairs (CCEA)

Must ReadView All

Textiles | On 22nd May 2017

GST to be biggest achievement of Modi govt: ASSOCHAM

Goods and Services Tax (GST) which is near a roll-out would be the...

Textiles | On 22nd May 2017

Maintaining NAFTA benefits is crucial: Cotton council

The US must remain a participant in a vibrant North American Free...

Apparel/Garments | On 22nd May 2017

Retailers ask Congress not to go for consumption tax

The National Retail Federation has asked US Congress to focus on...

Interviews View All

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Madhu Jain
Madhu Jain

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

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

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

news category


Related Categories:
May 2017

May 2017

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

SUBSCRIBE


Browse Our Archives

GO


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