Union Ministry of Commerce, Industry and Textiles sanctioned 21 new Textiles Parks under the Scheme for Integrated Textiles Parks with a project cost of 2100 crores rupees to be implemented over a period of 36 months. The approval came in the 4th week of October 2011. Among these 21 new Textiles Parks, 6 were sanctioned in Maharashtra, 4 in Rajasthan, 2 each in Tamil Nadu and Andhra Pradesh, 1 each in Uttar Pradesh, Gujarat, Tripura, Himachal Pradesh, Karnataka, Jammu & Kashmir and West Bengal.
Minister for Commerce, Industry and Textiles Anand Sharma as Chairman of the Project Approval Committee under the Scheme accorded approval. Earlier, Inter Ministerial Project Scrutiny Committee which examined 55 proposals for new Textiles Parks in the country gave its recommendations for the setting-up new textiles parks. Proposals received were scrutinised 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 & handloom sectors. Government received a huge response to the roadshows held at Chennai, Bangalore, Hyderabad, Ahmedabad and Mumbai for seeking proposals for Textiles Parks under the Scheme for Integrated Textiles Parks for development of common infrastructure and the Technology Upgradation Funds Scheme (TUFS).
Government enhanced the allocation under TUFS from Rs. 8000 crores to 15404 crores rupees under the 11th Five Year Plan. The new Textiles Parks would leverage an investment of over 9000 crores rupees and provide employment to 4 lac textiles workers. Government would finance common infrastructure with a subsidy upto Rs. 40 crores per Textiles park.
Considerable demand for Textiles Parks in India and given the success of the Scheme in the 11th Five Year Plan, Textiles Ministry would be seeking a higher allocation under the 12th Five Year Plan. Of the 40 textiles parks sanctioned under the 11th Five Year Plan, 24 Textiles Parks have started operations and have attracted investments of 18880 crores rupees, with a Government subsidy of 1420 crores rupees.
About Textiles Parks
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. The focus of Government has been to ensure value addition through aggregation to best utilize India’s raw material surplus in cotton and cotton yarn for enhanced labor employment and export earnings.
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.
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