Textile Parks with classy infrastructure in 9 States of India

The Indian government on Thursday has sanctioned Rs.2,100 crore for setting up 21 new integrated textiles parks under the Scheme for Integrated Textiles Parks with world-class infrastructure in nine States, the Ministry of Textiles said.
The new textiles parks, to be set up under public-private-partnership, will attract an overall industry investment of over Rs.9,000 crore and provide employment to four lakh workers, according to an official statement.
The scheme for the parks would be implemented within 36 months. The government would finance common infrastructure with a subsidy of up to Rs.40 crore per textiles park.
The new textiles parks were approved at a meeting of the Project Approval Committee, headed by Commerce, Industry and Textile Minister A. Sharma in New Delhi. The committee examined 55 proposals for new textiles parks in the country.
"The sanction of new textiles parks would catalyze significant additional investments with industry utilizing the benefits under the scheme for integrated textiles parks and Technology Up-gradation Funds Scheme (TUFS)," the statement says.
Six of the parks would come up in Maharashtra, four in Rajasthan, two each in Tamil Nadu and Andhra Pradesh, one each in Uttar Pradesh, Gujarat, Tripura, Himachal Pradesh, Karnataka, Jammu & Kashmir and West Bengal. The product mix in these parks would include apparels, hosiery, silk, processing, technical textiles, carpet and power loom. The government would invite bids for the lead investors heading the Special Purpose Vehicles for implementing the projects, the statement said.
The government has increased the allocation under TUFS to Rs.15,404 crore from Rs.8,000 crore under the 11th Five Year Plan and and under the SITP an allocation of Rs.400 crore has been made for sanction of new Textiles Parks in April 2011.