The Palladam Hi-tech Weaving Park is the masterpiece among the integrated textile parks promoted by the Ministry of Textiles. The park has around 95 units with ultra-modern infrastructure facilities and has been performing very well since 2008. The park currently provides employment to 2,900 workers directly and around 3,000 workers indirectly. It is now in an expansion mode and is likely to create new jobs for another 3,000 people by 2017.
In a press release, Mr. M. Senthilkumar, Chairman and Managing Director, and promoter of the Palladam Hi-tech Weaving Park, has stated that the Textile Secretary, Mrs. Rashmi Verma, the Additional Secretary, Mrs. Pushpa Subramaniam, and the Joint Secretary, Mr. A. Madhukumar Reddy from the Ministry of Textiles, recently visited the park. On the occasion, a presentation was made to the officials on the status and the strategy being adopted by the park to make it world class. The Textile Secretary and other officials highly appreciated the progress made by the park on a continuous basis, producing value-added products.
Mr. Senthilkumar has further stated that the Palladam park has been receiving priority attention from the Ministry of Textiles for implementation of the Scheme for Additional Grant for Apparel Manufacturing. The Centre has given a grant of Rs. 10 crores for adding garment and made-ups manufacturing facilities in the weaving park, and the project is being implemented at a cost of Rs. 26.15 crores. One garment unit has gone into commercial operation and four more units are under progress.
The Ministry of Textiles has also given a grant of Rs. 3.00 crores under the Scheme for Textile Industry Workers’ Accommodation and the park is constructing a hostel with excellent facilities at a cost of Rs. 6.55 crores to accommodate both men and women.
After the park visit, Mrs. Rashmi Verma assured the Chairman of further support for value addition and expansion.