Govt receives 55 proposals for integrated textile parks
The government today said it has received 55 proposals for establishing integrated textiles parks in various parts of the country.
August 24, 2011 / 17:34 IST
The government today said it has received 55 proposals for establishing integrated textiles parks in various parts of the country.
"So far, 55 proposals have been received for establishing new integrated textile parks," Textiles Minister Anand Sharma said in a written reply to the Rajya Sabha.The government has approved a budgetary allocation of Rs 400 crore for establishment of new textiles parks under the Scheme for Integrated Textile Parks (SITP), he added.At present, there are 40 textiles parks in various states, including Tamil Nadu, Karnataka, West Bengal, Gujarat and Andhra Pradesh.The scheme is demand-driven and investors decide the level of investment based on commercial viability, the minister said. The government finances 40% of the cost of common facilities and infrastructure, up to a limit of Rs 40 crore, under the scheme.To encourage the production of special yarn and silk, two silk parks have been sanctioned at the Doddabalapur Integrated Textile Park and Kanchipuram AACM Handloom Silk Park, Sharma said. Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
