Home / Knowledge / News / Textiles / Indian govt okays continuation of SITP in 12th Plan period
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


Must ReadView All

Apparel/Garments | On 25th Jun 2017

Half of 7,000 new apparel online each day target women

Adobe has released its first Digital Price Index for apparels,...

Textiles | On 25th Jun 2017

First Insight, Chico's FAS enter partnership

First Insight, a technology company transforming how retailers make...

Apparel/Garments | On 25th Jun 2017

Expand changing use of social and web resources

With over 400 million impressions to date and web traffic of over two ...

Interviews View All

Darshan Mehta
Infinium Polychem

We are spending double digit figures on R&D

Veronique Lee
Modavanti

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Evelyne Cholet
UCMTF

‘France had a reputation of being big in new ideas, but poor in marketing...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Mohammad Hassan
Biax Fiberfilm

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

Kevin Nelson
TissueGen

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

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

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:
June 2017

June 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