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

Courtesy: Myntra

Apparel/Garments | On 3rd Dec 2016

Myntra to be EBITA positive by FY18: CEO Narayanan

Myntra is on track to achieve sustainable growth and be EBITA...

Courtesy: India ITME Society

Textiles | On 3rd Dec 2016

India ITME 2016 opens with over 1050 exhibitors

The India International Textile Machinery Exhibition (India ITME)...

Courtesy: Bruckner

Textiles | On 3rd Dec 2016

Indian textile companies opt for Brückner stenter lines

Indian textile firms Laxmipati Sarees, makers of polyester sarees and ...

Interviews View All

Rahuul Jashnani
Jashn

‘Online economy has changed the whole dynamics of buying habits.’

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Silke Brand-Kirsch
Schlegel und Partner

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

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Jay Ramrakhiani
Occasions Elegance Wear

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

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

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
December 2016

December 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search