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Ministry to evaluate effectiveness of Textile Parks
07 Nov '08
2 min read
The government in the last few years has approved a slew of integrated textile parks to be set up across the country, but now it wants to assess the original objectives of these parks in terms of generating employment and setting up world class infrastructure.
The government provides up to 40 percent of the total cost of setting up the park with a ceiling of Rs 400 million. Till date, the contribution of the government has reached Rs 4,500 million while investments by the owners have touched Rs 9,000 million with total investment expected to reach Rs 20,000 million by end of 2009.
As investments from the government have reached quite a high level, it is interested in assessing the effectiveness of its investments before more funds are sanctioned for other parks. Presently there are nearly forty such parks in various stages of progress.
The evaluation is mainly focused on the objectives of employment creation, investments, attracting FDI, adoption of new technology and vertical integration among a few. Recommendations for changes will constitute as a part of the report.
The parks to be evaluated are Gujarat Eco-Textile Park in Gujarat, Brandix India Apparel City in Andhra Pradesh, Palladam Hitech Weaving Park in Tamil Nadu and Pochampally Handloom Park in Andhra Pradesh.
The government provides up to 40 percent of the total cost of setting up the park with a ceiling of Rs 400 million. Till date, the contribution of the government has reached Rs 4,500 million while investments by the owners have touched Rs 9,000 million with total investment expected to reach Rs 20,000 million by end of 2009.
As investments from the government have reached quite a high level, it is interested in assessing the effectiveness of its investments before more funds are sanctioned for other parks. Presently there are nearly forty such parks in various stages of progress.
The evaluation is mainly focused on the objectives of employment creation, investments, attracting FDI, adoption of new technology and vertical integration among a few. Recommendations for changes will constitute as a part of the report.
The parks to be evaluated are Gujarat Eco-Textile Park in Gujarat, Brandix India Apparel City in Andhra Pradesh, Palladam Hitech Weaving Park in Tamil Nadu and Pochampally Handloom Park in Andhra Pradesh.
Fibre2fashion News Desk - India
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Andreas Rass
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