Govt to grant Rs600 cr for 15 upcoming textile parks

Govt to grant Rs600 cr for 15 upcoming textile parks
PTI
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First Published: Wed, Sep 09 2009. 04 54 PM IST
Updated: Fri, Sep 11 2009. 03 45 PM IST
Surat: The Centre is considering a proposal for granting Rs600 crore for 15 more state-of-the-art Integrated Textile Parks to be set up in public-private -partnership at a total cost of Rs2,000 crore.
These parks, which are to be completed in three years are in addition to 40 such facilities which were sanctioned earlier and are coming up in different states, textiles minister Dayanidhi Maran said on Wednesday.
“The government is actively considering the proposal,” Maran said, inaugurating the 104-acre Gujarat Eco Textile Park in Surat.
“Every industrial activity produces environmental load which harms the local environment and demotivates the local population. This project will address these concerns,” he said.
Set up at a cost of Rs129 crore, the park would attract an investment of Rs705 crore, Maran said. Infrastructure Leasing and Financial Services Ltd (IL&FS) is an advisor for the project.
Maran said the park would generate employment for 25,000 people besides producing products worth Rs850 crore annually.
It will house units engaged in technical textiles, processing, common effluent treatment plant, research and development and design centre.
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First Published: Wed, Sep 09 2009. 04 54 PM IST