CCEA Approved for Textile Parks Scheme in 12th Five Year Plan

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CCEA Approved for Textile Parks Scheme in 12th Five Year Plan

The Cabinet Committee on Economic Affairs ( CCEA ) on 3rd October, 2013 approved continuation of the scheme for Integrated Textile Parks in the 12th five year plan.

Cabinet Committee on Economic Affairs Decisions

• CCEA also approved sanction of new projects for utilizing ₹ 717 crore the balance left in the 12th five year plan allocation, after meeting committed liabilities of the sanctioned 61 parks.

• It also gave its nod for an additional grant of ₹ 10 crore to be given to existing parks for setting up apparel manufacturing units. ₹ 50 crore have been allocated for the purpose.

About Integrated Textiles Parks

• The primary objective of the scheme for Integrated Textile Parks is to provide the industry with world class infrastructure facilities for setting up their textile units.

• The product mix in these parks would include apparels and garments parks, hosiery parks, silk parks, processing parks, technical textiles including medical textiles, carpet parks, powerloom parks.

• The Scheme for Integrated Textiles Parks seeks green field investments in textiles sector on a public private partnership basis with the objective of setting up world class infrastructure for Textiles industry.

The Scheme for Integrated Textile Parks ( SITP ) was approved in the 10th Five Year Plan ( July 2005 ) to provide the industry with world – class infrastructure facilities for setting up their textile units by merging the erstwhile Apparel Parks for Exports Scheme ( APES ) and Textile Centre Infrastructure Development Scheme ( TCIDS ).

The scheme targets industrial clusters or locations with high growth potential, which require strategic interventions by way of providing world – class infrastructure support.