Interviews
Ministry of Textiles hosts SITP road show in Ahmedabad
03 Dec '10
2 min read
The Ministry of Textiles has extended the 'Scheme for Integrated Textile Parks' in India and as an endeavour to publicize the same, hosted a road show in Ahmedabad today at the auditorium of the Ahmedabad Textile Research Association (ATIRA) in Ahmedabad.
In attendance were the chief guest; Ms Panabaaka Lakshmi – Minister of State for Textiles, Mr Srinivasan – Joint Secretary, Ministry of Textiles, Mr AB Joshi, Textiles Commissioner and Ms Muktanidhi Samnotra – Director, Ministry of Textiles and captains of industry and representatives of Textile Parks and project consultants.
Mr Srinivasan began the session by giving details about the success of the SITP scheme in which projects around Rs 41.33 billion have been sanctioned of which Rs 8 billion have been sanctioned for Gujarat alone. He also considered the implementation of the schemes as excellent in Gujarat, which has prompted two other proposals from the state.
He was full of optimism about the new extended scheme and exhorted all present to take advantage of the scheme and invest in setting up of new Textile Parks.
The next speaker was Mr AB Joshi, who informed that the SITP scheme in its previous avatar was mainly based on increasing the number of parks across India, while the new extended scheme was focusing more on the financial viability.
Since production of textiles has shifted to Asia, he hoped that the extended SITP scheme would help bring growth into the Indian textile sector, by attracting domestic and foreign investments.
Presentations were also given by Mr Ravishankar Raman – Executive Director, IL&FS, Ravichandran Iyer – Director – Mundra Textile Park, Mr Girish Luthra – Director, Eco-textile Park and Mr Mayur Suchak – Managing Director, Magus Consulting on the viabilities of setting up a Textile Park.
Ms Panaabaka Lakshmi spoke about as how the SITPs had helped entrepreneurs come together on a common platform and in the process helped reduce costs across the whole textile value chain and also created new employment opportunities.
In attendance were the chief guest; Ms Panabaaka Lakshmi – Minister of State for Textiles, Mr Srinivasan – Joint Secretary, Ministry of Textiles, Mr AB Joshi, Textiles Commissioner and Ms Muktanidhi Samnotra – Director, Ministry of Textiles and captains of industry and representatives of Textile Parks and project consultants.
Mr Srinivasan began the session by giving details about the success of the SITP scheme in which projects around Rs 41.33 billion have been sanctioned of which Rs 8 billion have been sanctioned for Gujarat alone. He also considered the implementation of the schemes as excellent in Gujarat, which has prompted two other proposals from the state.
He was full of optimism about the new extended scheme and exhorted all present to take advantage of the scheme and invest in setting up of new Textile Parks.
The next speaker was Mr AB Joshi, who informed that the SITP scheme in its previous avatar was mainly based on increasing the number of parks across India, while the new extended scheme was focusing more on the financial viability.
Since production of textiles has shifted to Asia, he hoped that the extended SITP scheme would help bring growth into the Indian textile sector, by attracting domestic and foreign investments.
Presentations were also given by Mr Ravishankar Raman – Executive Director, IL&FS, Ravichandran Iyer – Director – Mundra Textile Park, Mr Girish Luthra – Director, Eco-textile Park and Mr Mayur Suchak – Managing Director, Magus Consulting on the viabilities of setting up a Textile Park.
Ms Panaabaka Lakshmi spoke about as how the SITPs had helped entrepreneurs come together on a common platform and in the process helped reduce costs across the whole textile value chain and also created new employment opportunities.
Fibre2fashion News Desk - India
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