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IPDS to help textile industry meet environment standards
13
Aug '15
The Ministry of Textiles, Government of India will implement an Integrated Processing Development Scheme (IPDS) in public private partnership (PPP) mode by Special Purpose Vehicle (SPV), textiles minister Santosh Kumar Gangwar has said.
 
The SPV will be a corporate body registered under the Companies Act, Gangwar said in reply to a question in Lok Sabha, a news agency said.
 
The scheme envisages sharing of funds in the ratio of 50:25:25 between Government of India, state governments and SPV respectively, the minister said.
 
The Indian government's support, which is limited to 50 per cent of the project cost, has an upper ceiling of Rs 75 crore for projects with Zero Liquid Discharge and Rs 10 crore for projects with conventional treatment systems.
 
“In case of marines discharge project, maximum assistance can be given upto Rs 75 crore on case to case basis,” Gangwar said.
 
Under the 12th Five Year Plan, a sum of Rs 500 crore is earmarked to enable the textile industry meet the required environmental standards by adopting modern technology. (RKS)
 

Fibre2Fashion News Desk – India

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