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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


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