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Home / Knowledge / News / Textiles / Progress in growth of Indian textile parks slow: minister

Progress in growth of Indian textile parks slow: minister

03
Dec '19

Pic: Shutterstock

Under the Scheme for Integrated Textile Parks (SITP) approved during the 10th Five Year Plan in 2005, the ministry of textiles sanctioned 59 textile parks, out of which only 22 have been completed while the rest are under various stages of construction, textiles minister Smriti Irani informed parliament lower house recently. Progress in SITP’s growth has been slow, she said.

"The slow progress in the implementation of the textile parks under the SITP has been attributed primarily to delay in obtaining land and other statutory clearances from state government and slow fund mobilisation by the textile parks," the minister was quoted as saying by a news aqgency.

The SITP provides support for creating good textile infrastructure, with the government granting up to 40 per cent of the project cost. The government grants up to 90 per cent of the project cost for first two projects each in the states of Arunachal Pradesh, Assam, Manipur, Meghalaya, Mizoram, Nagaland, Tripura, Sikkim, Himachal Pradesh, Uttarakhand and Jammu and Kashmir, with a ceiling limit of ₹40 crore for each textile park.

Fibre2Fashion News Desk (DS)

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