Home / Knowledge / News / Textiles / CSIDC to develop integrated textile park near Raipur
CSIDC to develop integrated textile park near Raipur
13
Mar '15
courtesy: CSIDC
courtesy: CSIDC
The Chhattisgarh State Industrial Development Corporation (CSIDC), functioning under the aegis of the Government of Chhattisgarh, has proposed development of an Integrated Textile Park at Tilda, near the state capital city of Raipur, to boost investment in textile manufacturing sector in the state.
 
CSIDC said it intends to develop the textile park on 32 hectare area as per Scheme of Integrated Textile Park (STIP) of the Ministry of Textiles, Government of India. The Indian government’s support under the STIP by way of Grant of Equity will be limited to 40 per cent of the project cost subject to a ceiling of Rs 40 crore.
 
To make the integrated textile park a reality, the CSIDC has invited expressions of interest (EOI) from entities, joint ventures, and consortiums having experience in textile manufacturing or intending to venture into textile manufacturing sector. The companies showing EOI would become part of Special Purpose Vehicle (SpV) formed by CSIDC specifically for the development, operation and management of Integrated Textile Park.
 
The proposed textile park, to be set up at an estimated cost of Rs 110 crore, would have ginning and pressing, spinning, weaving, processing, and garmenting facilities.
 
It is aimed at providing one stop integrated facilities with manufacturing support, welfare and common infrastructure facilities to the prospective textile industries. The proposed textile park is envisaged to house world class eco system for textile industry, CSIDC said in its project report.
 
The Chhattisgarh government has declared textiles as a priority sector in its industrial policy. The state produces tassar cocoons, yarn and fabrics. Silk products from state are famous for its quality and have good demand in domestic and export markets. (RKS)
 

Fibre2fashion News Desk - India

Must ReadView All

Neelesh Hundekari speaking at the event. Courtesy: Subir Ghosh

Textiles | On 27th May 2017

Fabric of Change initiative announces €250000 scaling fund

The Fabric of Change initiative of Ashoka and the C&A Foundation is...

Pakistan's Finance Minister Mohammad Ishaq Dar presenting Budget 2017-18 in National Assembly in Islamabad on May 26. Courtesy: PID, Pakistan

Textiles | On 27th May 2017

Pakistan Budget 2017-18 proposes 4 new measures

To support the textile sector in Pakistan, finance minister Mohammad...

Textiles | On 27th May 2017

Indian exports can touch $325 bn in 2017-18: FIEO

Indian exports are on upward trend in last few months as the country...

Interviews View All

Binoy Ravjani
Hero's Fashion

‘One of the recent trends in hand block printing is the indigo process,...

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Smarth Bansal
Colorjet India Limited

We would like to venture more companies into the Indian market

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Lynda Kelly
Suominen Corporation

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

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Jay Ramrakhiani
Occasions Elegance Wear

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

Karan Arora
Karan Arora

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

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