Home / Knowledge / News / Textiles / CCEA approves additional projects under SITP
CCEA approves additional projects under SITP
Oct '10
The Cabinet Committee on Economic Affairs approved additional projects under Scheme for Integrated Textile Parks (SITP). The number of sanctioned projects will be limited so that committed liability of the new projects is within the balance amount of 200 crore available from SITP plan allocation in the 12th Five year Plan.

The guidelines of the scheme have been modified to provide for an exclusive appraisal mechanism to analyse projects in detail to ensure viability and feasibility of such projects. It has been decided to have a deeper and incisive appraisal system built in the guidelines to ensure holistic appraisal and scrutiny of projects.

Accordingly, modification of the extant guidelines has been approved to bring in a two tier system, an inter-ministerial Project Scrutiny Committee to apprise and recommend the project to the Project Approval Committee.

The overall impact and progress of the Scheme for Integrated Textile Parks had been positive and encouraging despite the adverse economic conditions for almost two years. The SITP has demonstrated the efficacy and sustainability of the cluster based approach for development of sector specific industrial parks. Development of additional textiles parks in the backdrop of successful implementation will facilitate additional investment, employment generation and increase in textiles production.

Press Information Bureau

Must ReadView All

Textiles | On 10th Dec 2016

India’s 2016-17 cotton import to touch 17 lakh bales

The import of cotton from international markets by spinning mills in...

Textiles | On 10th Dec 2016

US textile & apparel imports fall 6.50% in Jan-Oct ’16

The import of textiles and apparel by United States dropped 6.50 per...

Unipar Carbocloro plant in the city of Cubatão, São Paulo state. Courtesy: Wikipedia

Textiles | On 10th Dec 2016

Brazil’s CADE clears Solvay’s 70.59% stake sale in Indupa

Brazil’s administrative council for economic defence (CADE) has...

Interviews View All

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Amrit Sethia

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Steve Cole
Xerium Technologies

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

Giorgio Mantovani
Corman S.p.A

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

Mohammad Hassan
Biax Fiberfilm

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

Rupa Sood and Sharan Apparao

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Robert Brunner

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

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


Letter To Editor

(Max. 8000 char.)

Search Companies

December 2016

December 2016

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


Browse Our Archives


Advanced Search