New Delhi, Oct 27 (ANI): Commerce and Industry Minister Anand Sharma on Thursday sanctioned 21 new textiles parks with a project cost of Rs. 2100 crores to be implemented over a period of 36 months.
Sharma accorded approval to the recommendations of the Inter Ministerial Project Scrutiny Committee, which examined 55 proposals for new textiles parks in the country.
The scheme for integrated textiles parks seeks green field investments in textiles sector on a public private partnership basis with the objective of setting up world class infrastructure for Textiles industry.
Speaking on the occasion, Sharma said: "Sanction of new textiles parks would catalyze significant additional investments with industry utilizing the benefits both under the scheme for integrated textiles parks for development of common infrastructure and under the technology upgradation funds scheme for installation of plant and machinery."
He said that the new textiles parks would leverage an investment of over Rs. 9000 crores and provide employment to four hundred thousand textiles workers. Government would finance common infrastructure with a subsidy upto Rs. 40 crores per Textiles park.
Government has received a huge response to the roadshows held at Chennai, Bangalore, Hyderabad, Ahmedabad and Mumbai for seeking proposals for textiles parks.
Proposals received were scrutinized by an inter ministerial project scrutiny committee on the basis of project cost, land size, net worth of investors, employment generation and value chain to be developed by the industry.
Government also sought to ensure balanced regional development, promote textiles industry in North Eastern States and in States where the industry is in a nascent stage of development and promote textiles parks in cooperative and handloom sectors.
Six new textiles parks have been sanctioned in Maharashtra, four in Rajasthan, two each in Tamil Nadu and Andhra Pradesh, one each in Uttar Pradesh, Gujarat, Tripura, Himachal Pradesh, Karnataka, Jammu and Kashmir and West Bengal.
The product mix in these parks would include apparels and garments parks, hosiery parks, silk parks, processing parks, technical textiles including medical textiles, carpet parks, powerloom parks. (ANI)