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8 | The Textile Magazine NOVEMBER 2011
Another 21 textile parks costing
Rs. 2,100 crores approved
industry scene
The Government has sanctioned
21 new textile parks under the
Scheme for Integrated Textile Parks
at a project cost of Rs. 2,100 crores
to be implemented over a period of
36 months.
The Minister for Commerce, In-
dustry and Textiles, Mr. Anand
Sharma, as Chairman of the Project
Approval Committee under the
scheme, has accorded approval to
the recommendations of the Inter
Ministerial Project Scrutiny Com-
mittee which examined 55 proposals
for new textile parks in the country.
The scheme seeks greenfeld in-
vestments in the textile sector on a
public-private partnership basis with
the objective of setting up world
class infrastructure for the textiles
industry.
Mr. Sharma said: “Sanction of
new textile parks would catalyze
signifcant additional investments
with the industry utilizing the ben-
efts both under the Scheme for In-
tegrated Textile Parks (SITP) for
development of common infrastruc-
ture and under the Technology Up-
gradation Funds Scheme (TUFS) for
installation of plant and machinery.”
The Government has stepped up
the allocation under TUFS from Rs.
8,000 crores to Rs. 15,404 crores in
the 11th Plan, and under the SITP
an allocation of Rs. 400 crores was
made for sanction of the new textile
parks in April last. The new textile
parks would leverage an investment
of over Rs. 9,000 crores and pro-
vide employment to four lakh textile
workers. The Government would
fnance common infrastructure with
a subsidy of upto Rs. 40 crores per
textile park.
The Government received good
response to the roadshows held in
Chennai, Bangalore, Hyderabad,
Ahmedabad and Mumbai for seek-
ing proposals for textile parks. The
proposals received were scrutinized
by the inter-ministerial committee
on the basis of project cost, land
size, net worth of investors, employ-
ment generation and the value chain
to be developed by the industry.
The Government also sought to
ensure balanced regional develop-
Mr. Anand Sharma, Minister for Commerce, Industry and Textiles