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Company formed to control textile effluents

13
Mar '07
TIRUPUR:
Dyers and exporters of Tirupur have formed a company, Textile Eco Solutions Tamilnadu Limited (TESTL), to implement the project of releasing textile effluents into sea and have received certificate of incorporation from Registrar of Companies.

Tirupur Exporters' Association (TEA) has taken initiative to convince ailing dyeing units of Tirupur, Erode, Karur and textile processing houses in Perundurai SIPCOT to join the project.

The long-pending demand for effluent project got a boost after Chief Minister Karunanidhi announced extending 25 percent grant from Centre and 15 percent from State if dyeing units were ready to implement the project.

TEA President A. Sakthivel said Tamil Nadu Water Investment Company Limited would be appointed the project implementation management agency. "Our first step is to prepare a detailed project report for the Rs700-crore project. Initially, we are planning to collect Re1 per litre effluent from dyeing and bleaching houses as their share. Their share will go up to Rs7 per litre effluent and the project is to carry 150 million litres of effluents a day from this region,'' Sakthivel said.

The company has asked State Government to enhance its grant to 25 percent to reduce the industry's burden.

"Funds will not be a constraint for this project,'' asserts Sakthivel. TESTL plans to raise funds by borrowing from various sources besides the grants given by Government and contribution by industries,” he said.


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