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India:Textiles Ministry Invites Proposals For Setting Up Integrated Textiles Parks

• By  Textile Excellence
• June 10, 2014

The Textiles Ministry has invited proposals from industry associations/ groups of entrepreneurs / Special Purpose Vehicles (SPVs) for setting up of Integrated Textile Parks under the Scheme for Integrated Textiles Park (SITP) during the remaining part of the 12th Five Year Plan (April 2012 - March 2017).

Government funding is 40% of the project cost with a ceiling of Rs 40 crore  (90% subject to ceiling of Rs 40 crores for special category states). Government of India has empanelled Project Management Consultants (PMCs) for identification of project, preparation of DPR and project implementation. The list of PMCs, detailed guidelines and selection criteria is available on the ministry's website (www.texmin.nic.in).

The ministry has asked the interested parties to submit their proposal for setting up an ITP under the Scheme through any of the empanelled PMCs to R.K.Srivastava, Under Secretary (SITP), latest by 5:00 pm on July 7, 2014.  

Textile Excellence