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SPVs formed for integrated textile processing parks in TN
20
Jan '16
Special purpose vehicles (SPVs) for integrated textile processing parks have been formed in Tamil Nadu, as a part of the process to establish integrated textile processing parks with zero liquid discharge systems, according to a national daily.

The parks are expected to come up at Vellakuttai and Nathamedu in Pallipalayam, and at Manjupalayam in Komarapalayam.

Chief minister Jayalalithaa, earlier in 2014 had announced the setting up of common effluent treatment plants in Erode, Salem, Namakkal and Karur for small and medium sized textile processing units. The Diagnostic Study Feasibility Report (DSFR) for these clusters were submitted by the Tamil Nadu Water Investment Company Limited (TWIC) to the government.

Three companies were registered under the acts as Green Cauvery Dyeing Committee, Green Cauvery General Dyeing Committee and Pallipalayam Dyeing Factory Association. These included members from both the authorised and unauthorised dyeing unit owners.

Establishment of special purpose vehicle, which is the registration of the companies were commenced on receiving the willingness and confirmation from the unit owners. Now the next step would be the purchase of land for the companies to establish the parks in the proposed villages and handover them to the government for construction. (NA)

Fibre2fashion News Desk - India

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