Silvassa Apparel Park funded under Public Private Model
16 Dec '06
2 min read
The Chairman of AEPC, Mr. Vijay Agarwal, “ AEPC being the APEX body for Garment Exporters is in the limelight for promoting the interest of the exporters. AEPC just doesn't extend documents & certificate related support but identifies priority areas of Apparel manufacturers such as space to extend their unit in professionally organized Apparel Park.”
A Special Purpose Vehicle (SPV), OIDC Apparel Parks Limited, has been incorporated for setting up the Apparel Park. The Park will be eligible for 40 percent grant funding (upto Rs. 40 crores) under the Scheme for Integrated Textile Parks (SITP) announced by the Ministry of Textiles, Government of India.
Set up at Velugam, Silvassa, 9 Kilometers from National Highway 8 that connects Mumbai with Surat and Ahmedabad has good proximity to the existing textile hubs in Mumbai, Surat, Bhiwandi and Ahmedabad, which makes it an ideal location for Apparel manufacturers.
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