An eco-friendly textile park to be opened tomorrow in Surat will provide employment to 25,000 people besides producing products worth Rs 850 crore annually. The park has been set up at a cost of Rs 129 crore.
The Gujarat Eco Textile Park, setup under the Scheme for Integrated Textile Parks (SITP) will attract an investment of Rs 705 crore, the Textiles Ministry said in a statement today.
The park, to be inaugurated by textiles minister Dayanidhi Maran, is expected to facilitate textile units to meet international environment and social standards. Under SITP, the government provides up to 40 per cent of the project cost as grant subject to a ceiling of Rs 40 crore.
Thirty nine textile parks are being set up throughout the country under the scheme. A textile park normally has about 50 units, however the number may vary depending on the investment.
The Rs 3,00,000 crore industry provides employment to about 35 million people.