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The Textile Magazine
NOVEMBER 2011
ment, promote
the textile industry
in north-eastern States and
in States where the industry is in a nas-
cent stage of development, and promote textile parks in
co-operative & handloom sectors.
Six new textile parks have been sanctioned in Mahar-
ashtra, four in Rajasthan, two each in Tamil Nadu and
Andhra Pradesh, and one each in Uttar Pradesh, Gujarat,
Tripura, Himachal Pradesh, Karnataka, Jammu & Kash-
mir and West Bengal. The product mix in these parks
would include apparels and garments, hosiery, silk,
processing, and technical textiles, including medical
textiles, carpets and powerlooms.
“The focus of the Government has been to ensure val-
ue addition through aggregation to best utilize India’s
raw material surplus in cotton and cotton yarn for en-
hanced labor employment and export earnings”, said the
Minister.
Lead investors
heading the special
purpose vehicles of the listed
textile parks and the project management
consultant frms would be invited by the Government
soon to enter into MoUs for implementing the projects.
The Government seeks to ensure timely implementation
of the sanctioned projects, and changes to avoid cost and
time overruns will be incorporated in the MoUs to be
entered into by the Government under the scheme.
Mr. Sharma also said that, given the considerable de-
mand for textile parks in the country and the success of
the scheme in the 11th Plan, his Ministry would be seek-
ing a higher allocation in the 12th Plan.
It may be noted that of the 40 textile parks sanctioned
in the 11th Plan, 24 have already started operation and
have attracted investments of Rs. 18,880 crores, with a
Government subsidy of Rs. 1,420 crores.
w
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