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Centre approves 21 new textiles parks


October 27, 2011 - New Delhi

The Central government has sanctioned 21 new textiles parks under the scheme for Integrated Textiles Parks with a project cost of Rs. 2100 crores to be implemented over a period of 36 months.

Union Commerce, Industry and Textiles Minister Anand Sharma as Chairman of the Project Approval Committee under the scheme 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.

"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," Sharma said.

ANI

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