Special Correspondent

EW DELHI: The Cabinet Committee on Economic Affairs on Thursday decided to increase the target under the Textile Ministry's Scheme for Integrated Textile Parks to develop 30 parks in the current Five-Year Plan, as against the original plan for 25 parks.

The decision followed an overwhelming response from the industry to the scheme in the wake of the total phase-out of the export quota regime.

The Ministry has so far sanctioned 26 parks and 25 more proposals are in the pipeline.

A senior Ministry official said the decision was only with regard to the target under the 10th Plan period.

The Ministry was hopeful that its proposal to continue the scheme during the 11th Plan period with a target for 50 more parks would be cleared soon.

The 26 projects sanctioned so far are estimated to garner an investment of Rs. 13,445 crore, and generate an additional annual production worth Rs. 19,207 crores.

Six projects each are coming up in Gujarat and Maharashtra, five in Tamil Nadu, four in Andhra Pradesh, two in Rajasthan and one each in Karnataka, Uttar Pradesh and West Bengal.

A total of 2,219 entrepreneurs are participating.