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Indian govt okays continuation of SITP in 12th Plan period
04
Oct '13
The Government of India has approved continuation of the Scheme for Integrated Textile Parks (SITP) during the 12th Five-Year Plan period (2012-2017) and an additional grant for apparel manufacturing units.
 
“The Cabinet Committee on Economic Affairs (CCEA) has approved continuation of the scheme for Integrated Textile Parks (SITP) in the 12th Five Year Plan and sanction of new projects for utilizing Rs. 7.17 billion the balance left in the 12th Five Year Plan allocation, after meeting committed liabilities of the sanctioned 61 parks,” an official statement said.
 
The CCEA also approved additional grant of Rs. 100 million to be given to existing parks under SITP for setting up apparel manufacturing units, out of the Rs. 500 million allocated for this purpose. 
 
The overall impact and progress of the SITP had been positive and the scheme had been successful in terms of leveraging private sector investment, employment generation and creation of need-based, product based world class infrastructure for the industry, the statement said.
 
Owing to the increasing costs of production in established clusters and heightened emphasis on environmental compliances, there is a growing need for establishment of green field textile parks that would address both these constraints, the statement added.
 
The SITP was first approved in the 10th Five-Year Plan to provide the industry with world-class infrastructure facilities for setting up their textile units by merging the erstwhile ‘Apparel Parks for Exports Scheme (APES)’ and ‘Textile Centre Infrastructure Development Scheme (TCIDS)’.
 
The scheme targets industrial clusters/locations with high growth potential, which require strategic interventions by way of providing world-class infrastructure support. The project cost covers common infrastructure and buildings for production/support activities, depending on the needs of the integrated textile park.
 
Forty Textiles Park projects were sanctioned under the scheme in 10th and 11th Five-Year Plans. Subsequently, 21 new parks were sanctioned in October 2011 with project cost of Rs. 23.29 billion (including land cost) and Government of India contribution of Rs. 8.19 billion. 
 

Fibre2fashion News Desk - India


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