Home / Knowledge / News / Textiles / Palladam park to furnish woven fabrics to home textiles

Palladam park to furnish woven fabrics to home textiles

18
Apr '08
The Palladam Hi-Tech Weaving Park (PHWP) designed to produce woven fabrics for the home textiles market, especially for use in the healthcare and hospitality sectors, will be formally given an approval on April 19 by Union Finance Minister, Mr P Chidambaram.

This project is the first of the powerloom-based weaving clusters established under the scheme of integrated textile parks (SITP) sponsored by the Central Government.

Involving an investment of Rs250 crore, this project will sprawl on an area of 65 acre on the outskirts of Palladam on the Coimbatore-Tiruchi sector of the National Highway.

Production facility inside the park will encompass 92 weaving sheds for housing some 700 weaving machines.

Common facilities at the park will include roads, water, waste water treatment, electricity and supply of compressed air.

The project has been promoted on a public-private partnership program in which small scale power loom weavers have pooled in their investments for setting up their individual units.

Financial support for the project has been lent by SIDBI, Infrastructure Leasing and Financial Services (ILFS) and an association of bankers.

ILFS has also acted as the project management consultant. Central and State Governments on their part have contributed their share of capital in terms of subsidies to raise common infrastructure.

While the Union Ministry of Textile offered 40 percent of Rs44 crore spent on infrastructure as subsidy, the Tamil Nadu Government catered about Rs5 crore.

Mr Senthil Kumar, Chairman and Managing Director of the special purpose company PHWP, told the media that once into operation, the weaving park will provide an access to the latest technologies in the sphere of weaving.


Interviews View All

Ajay Ghariwala, Luthra Group

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Varinder Singh Jawanda, Trendy Bharat

Varinder Singh Jawanda
Trendy Bharat

Sizing and fitting issues are inherent problems for companies expanding...

Textile industry, Head honchos

Textile industry
Head honchos

Quality should be the #1 priority

Akshat Chaudhary,

Akshat Chaudhary

Aizome, Asia's first Fairtrade denim brand, is all set to launch next...

Priyanka Salot,

Priyanka Salot

The Sleep Company was established to upgrade the sleep quality of every...

Carolin Russ,

Carolin Russ

Weko, Weitmann & Konrad GmbH & Co KG, based in south Germany, is...

Georg Reinhold, Trützschler  Nonwovens & Man-Made Fibers

Georg Reinhold
Trützschler Nonwovens & Man-Made Fibers

Trützschler Nonwovens & Man-Made Fibers, a part of the Trützschler Group,...

Silke Brand-Kirsch, Schlegel und Partner GmbH

Silke Brand-Kirsch
Schlegel und Partner GmbH

<div>Schlegel und Partner is the market research and consultancy company...

Paige Mullis, Glen Raven Inc

Paige Mullis
Glen Raven Inc

Paige Mullis discusses the expansion plans of Glen Raven Inc in India, and ...

Mike Hoffman, Gildan Activewear SRL

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Rupa Sood and Sharan Apparao, Nayaab

Rupa Sood and Sharan Apparao
Nayaab

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

Sonam & Paras Modi, SVA

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


November 2019

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

Follow us on instagram

Follow

Follow Fibre2Fashion On


Advanced Search