Six textile parks on the anvil

This is likely to be submitted to the Government of India, said D A Venkatesh, Commissioner for Textiles, Government of India, on Friday.

Welcoming representatives from the textile industry, A B Joshi, Textile Commissioner, Ministry of Textiles, pointed out the steady growth of textile industry in India. “During this year, the country’s total spun yard production has recorded a growth of 7.3 per cent and the total cloth production has recorded a growth of 3.1 per cent,” he added.

Joshi said the aim of the extension of SITPs was to reassess and reorient the growth strategy and make the Indian textile industry a world-class entity.

“The Union Cabinet has approved the extension of SITP with an additional investment of Rs 500 crore and the first installment will be granted in March 2011,” said V Srinivas, Joint Secretary, Ministry of Textiles. The Scheme for Integrated Textile Parks was launched by the Government of India in September 2005.

There are 40 SITPs across nine states in India approved by the Government of India with a total investment of approximately Rs 20,000 crores. The textile parks are expected to provide employment to 10 lakh people and earn a revenue of approximately Rs 33,000 crore per annum. Out of these 40 textile parks, production work has already commenced in 25 parks.