More time for textile parks developers
Updated: Jul 17, 2014 02:31:11pm
New Delhi, Jul 17 (KNN) Government today said it has extended the date for seeking wider interest for setting up integrated textile parks. Those willing to be partners in developing the ITPs have time till August 7, 2014.
The government has invited proposals from industry associations and groups of entrepreneurs for setting up Integrated Textile Parks (ITPs) under the Scheme for Integrated Textiles Park (SITP) during the remaining part of the 12th Five Year Plan.
The earlier deadline of July-7 has now been extended to August-7, according to a press notification from the Ministry of Textiles.
Government funding is 40 per cent of the project cost with a ceiling of Rs 40 crore (90 per cent subject to ceiling of Rs 40 crore for special category states), as per official data.
The Ministry of Textiles has been implementing the Scheme for Integrated Textiles Park (SITP) with an objective to provide world class infrastructure facilities for setting up textile units. The scheme would facilitate textile units to meet international environmental and social standards. Industry Associations/Groups of Entrepreneurs would be the main promoters of the ITPs.
The Scheme for Integrated Textile Parks (SITP) was launched in 2005 to provide the industry with State of the art world-class infrastructure facilities for setting up their textile units.
Primary objective of the SITP is to provide the industry with world class state of the art infrastructure facilities for setting up their textile units. The scheme would facilitate textile units to meet international environmental and social standards.
SITP would create new parks of international standards at potential growth centres. This scheme envisages engaging of a panel of professional agencies for project identification and execution.
Each Integrated Textile Park (ITP) under the scheme would normally have 50 units. The number of entrepreneurs and the resultant investments in each ITP could vary from project to project. However, aggregate investment in land, factory buildings and Plant and Machinery by the entrepreneurs in a Park shall be at least twice the cost of common infrastructure proposed for the Park.
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 will cover common infrastructure and buildings for production/support activities (including textiles engineering, accessories, packaging), depending on the needs of the ITP. There will be flexibility in setting up ITPs to suit the local requirements. (KNN/ES)
The government has invited proposals from industry associations and groups of entrepreneurs for setting up Integrated Textile Parks (ITPs) under the Scheme for Integrated Textiles Park (SITP) during the remaining part of the 12th Five Year Plan.
The earlier deadline of July-7 has now been extended to August-7, according to a press notification from the Ministry of Textiles.
Government funding is 40 per cent of the project cost with a ceiling of Rs 40 crore (90 per cent subject to ceiling of Rs 40 crore for special category states), as per official data.
The Ministry of Textiles has been implementing the Scheme for Integrated Textiles Park (SITP) with an objective to provide world class infrastructure facilities for setting up textile units. The scheme would facilitate textile units to meet international environmental and social standards. Industry Associations/Groups of Entrepreneurs would be the main promoters of the ITPs.
The Scheme for Integrated Textile Parks (SITP) was launched in 2005 to provide the industry with State of the art world-class infrastructure facilities for setting up their textile units.
Primary objective of the SITP is to provide the industry with world class state of the art infrastructure facilities for setting up their textile units. The scheme would facilitate textile units to meet international environmental and social standards.
SITP would create new parks of international standards at potential growth centres. This scheme envisages engaging of a panel of professional agencies for project identification and execution.
Each Integrated Textile Park (ITP) under the scheme would normally have 50 units. The number of entrepreneurs and the resultant investments in each ITP could vary from project to project. However, aggregate investment in land, factory buildings and Plant and Machinery by the entrepreneurs in a Park shall be at least twice the cost of common infrastructure proposed for the Park.
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 will cover common infrastructure and buildings for production/support activities (including textiles engineering, accessories, packaging), depending on the needs of the ITP. There will be flexibility in setting up ITPs to suit the local requirements. (KNN/ES)
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