Govt grants Rs 1,400 cr for 40 textile parks

NEW DELHI, INDIA: Textiles minister Anand Sharma informed that Rajya Sabha that Centre has allocated Rs 1,400 crore to set up 40 integrated textile parks in the 11th Five-Year Plan,

In a written reply to the Rajya Sabha on Wednesday, Sharma added that out of the 40 parks sanctioned, seven have been completed and 14 have drawn 90 per cent of grants and 15 parks are in the progress.

“The Mewar Integrated Textile Park, to be established at Bhilwara in Rajasthan, has been sanctioned on October 28, 2011 with a total project cost of Rs 112 crore,” Sharma added.

Looking to the successful implementation of the scheme and investor demand, the government has also sanctioned 21 new textile parks in the country. Out of these, 17 parks would commence implementation in December 2011.