Offer for industry bodies to set up textile parks; Govt help up to Rs 40 cr
Updated: Jun 07, 2014 03:39:37pm
New Delhi, June 7 (KNN) Industry associations, groups of entrepreneurs or special purpose vehicles can set up Integrated Textile Parks (ITPs) under a scheme under the 12th Five Year Plan with the government promising funding up to Rs 40 crore.
In order to implement the Scheme for Integrated Textile Parks (SITP), Ministry of Textiles has empanelled five Project Management Consultants (PMCs) - Grant Thornton Private Limited; C S Architects Private Limited; I-WIN Advisory Private Limited; Kushal Global Private Limited; and Technopak Advisors Private Limited.
In this context, the Ministry has sought for Industry Associations or Groups of entrepreneurs for setting up an ITP under the scheme through the PMCs.
“Government funding is 40 per cent of the project cost with a ceiling of Rs 40 crores (90 per cent subject to ceiling of Rs 40 crores for special category states),” Ministry of Textiles said in a notification.
SITP was launched in 2005 to provide the industry with State of the art world-class infrastructure facilities for setting up their textile units. The main objective behind the scheme was to 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 ITP under the scheme normally has 50 units. The number of entrepreneurs and the resultant investments in each ITP vary from project to project. However, aggregate investment in land, factory buildings and Plant and Machinery by the entrepreneurs in a Park is at least twice the cost of common infrastructure proposed for the Park. (KNN Bureau)
In order to implement the Scheme for Integrated Textile Parks (SITP), Ministry of Textiles has empanelled five Project Management Consultants (PMCs) - Grant Thornton Private Limited; C S Architects Private Limited; I-WIN Advisory Private Limited; Kushal Global Private Limited; and Technopak Advisors Private Limited.
In this context, the Ministry has sought for Industry Associations or Groups of entrepreneurs for setting up an ITP under the scheme through the PMCs.
“Government funding is 40 per cent of the project cost with a ceiling of Rs 40 crores (90 per cent subject to ceiling of Rs 40 crores for special category states),” Ministry of Textiles said in a notification.
SITP was launched in 2005 to provide the industry with State of the art world-class infrastructure facilities for setting up their textile units. The main objective behind the scheme was to 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 ITP under the scheme normally has 50 units. The number of entrepreneurs and the resultant investments in each ITP vary from project to project. However, aggregate investment in land, factory buildings and Plant and Machinery by the entrepreneurs in a Park is at least twice the cost of common infrastructure proposed for the Park. (KNN Bureau)
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