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CCEA approves 21 integrated textile parks

Thursday, 08 Nov 2012

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The Cabinet Committee on Economic Affairs (CCEA) on 08 November 2012, approved to start implementation and issuing financial sanction to the 21 integrated textile parks sanctioned in the 11th Five-Year Plan.

CCEA also gave its approval to carry over the committed liability beyond Rs 200 crore amounting to Rs 819 crore into the 12th Five-Year Plan, in amendment of the approval granted in October 2010. It approved the adoption of amendments in guidelines of the scheme to improve implementation.

In October 2010, the CCEA approved a proposal for sanctioning of additional Parks under SITP to utilize the balance Rs 200 crore in the 11th Plan and number of projects to be limited in such a way that committed liability of the new Parks does not exceed Rs 200 crore in the 12th Plan. In accordance with this decision, 21 parks were sanctioned.