Govt approves continuation of scheme for textile parks in 12th plan
Updated: Oct 04, 2013 05:28:42pm
New Delhi, Oct 4 (KNN) In order to utilize the balance of Rs 717 crore in the 12th Five Year Plan allocation, the government has approved continuation of the scheme for Integrated Textile Parks (SITP) in the 12th Five Year Plan and sanction of new projects.
“The Cabinet Committee on Economic Affairs (CCEA) has approved continuation of the SITP in the 12th Five Year Plan and sanction of new projects for utilising Rs 717 crore the balance left in the 12th Five Year Plan allocation, after meeting committed liabilities of the sanctioned 61 parks," CCEA said in an official statement yesterday.
The CCEA also approved additional grant of Rs 10 crore to be given to existing parks for setting up apparel manufacturing units. Rs 50 crore has been allocated for this purpose.
The overall impact and progress of the scheme for integrated textile parks had been positive and the scheme had been successful in terms of leveraging private sector investment, employment generation and creation of need-based, product based world class infrastructure for the industry.
“With the increasing costs of production in established clusters and heightened emphasis on environmental compliances, there is a growing need for establishment of green field textile parks that would address both these constraints,” the statement added.
The “Scheme for Integrated Textile Parks (SITP)” is launched by merging the existing two schemes namely, the Scheme for Apparel Parks for Exports (APE) and the Textile Centre Infrastructure Development Scheme (TCIDS).
One of the main purposes of introducing the SITP was to provide the industry with world-class infrastructure facilities for setting up their textile units. The scheme was introduced to facilitate textile units to meet international environmental and social standards.
The SITP was first approved in the 10th Five-Year Plan to provide the industry with world-class infrastructure facilities for setting up their textile units by merging the erstwhile ‘Apparel Parks for Exports Scheme (APES)’ and ‘Textile Centre Infrastructure Development Scheme (TCIDS)’.
The scheme targets industrial clusters/locations with high growth potential, which require strategic interventions by way of providing world-class infrastructure support. The project cost covers common infrastructure and buildings for production/support activities, depending on the needs of the integrated textile park.
Forty Textiles Park projects were sanctioned under the scheme in 10th and 11th Five-Year Plans. Subsequently, 21 new parks were sanctioned in October 2011 with project cost of Rs 23.29 billion (including land cost) and Government of India contribution of Rs 8.19 billion. (KNN/SD)
“The Cabinet Committee on Economic Affairs (CCEA) has approved continuation of the SITP in the 12th Five Year Plan and sanction of new projects for utilising Rs 717 crore the balance left in the 12th Five Year Plan allocation, after meeting committed liabilities of the sanctioned 61 parks," CCEA said in an official statement yesterday.
The CCEA also approved additional grant of Rs 10 crore to be given to existing parks for setting up apparel manufacturing units. Rs 50 crore has been allocated for this purpose.
The overall impact and progress of the scheme for integrated textile parks had been positive and the scheme had been successful in terms of leveraging private sector investment, employment generation and creation of need-based, product based world class infrastructure for the industry.
“With the increasing costs of production in established clusters and heightened emphasis on environmental compliances, there is a growing need for establishment of green field textile parks that would address both these constraints,” the statement added.
The “Scheme for Integrated Textile Parks (SITP)” is launched by merging the existing two schemes namely, the Scheme for Apparel Parks for Exports (APE) and the Textile Centre Infrastructure Development Scheme (TCIDS).
One of the main purposes of introducing the SITP was to provide the industry with world-class infrastructure facilities for setting up their textile units. The scheme was introduced to facilitate textile units to meet international environmental and social standards.
The SITP was first approved in the 10th Five-Year Plan to provide the industry with world-class infrastructure facilities for setting up their textile units by merging the erstwhile ‘Apparel Parks for Exports Scheme (APES)’ and ‘Textile Centre Infrastructure Development Scheme (TCIDS)’.
The scheme targets industrial clusters/locations with high growth potential, which require strategic interventions by way of providing world-class infrastructure support. The project cost covers common infrastructure and buildings for production/support activities, depending on the needs of the integrated textile park.
Forty Textiles Park projects were sanctioned under the scheme in 10th and 11th Five-Year Plans. Subsequently, 21 new parks were sanctioned in October 2011 with project cost of Rs 23.29 billion (including land cost) and Government of India contribution of Rs 8.19 billion. (KNN/SD)
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