The Centre on Thursday sanctioned Rs.2,100 crore for setting up 21 new integrated textiles parks with world-class infrastructure in nine States.
The new textiles parks, to be set up under public-private-partnership, will attract an overall industry investment of over Rs.9,000 crore generating employment of four lakh workers, according to an official statement issued here.
An official statement issued here says 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 for each of the textiles enclaves.
The new textiles parks were approved at a meeting of the Project Approval Committee, headed by Union Commerce, Industry and Textile Minister Anand Sharma here.
In total, the committee examined 55 cases.
“The sanction of new textiles parks would catalyse significant additional investments with industry utilising the benefits under the scheme for integrated textiles parks and Technology Upgradation 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 government has enhanced the allocation under TUFS from Rs. 8,000 crore to Rs. 15,404 crore under the 11th Plan. 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.