The Cabinet Committee on Economic Affairs (CCEA) has given its approval for an Integrated Processing Development Scheme (IPDS) for a textile unit.
The nod has been given for the scheme with a corpus of Rs 500 crore to make textile processing units more environment-friendly and globally competitive.
The fund will be used to set up four to six brownfield projects and three to five greenfield projects over the 12th plan period addressing environmental issues faced by textile processing units.
The eligible projects under the scheme will cover common effluent treatment plants; captive power generation on technology, preferably renewable / green technology; infrastructure such as storm water management; necessary roads and pipelines for water and wastewater; facility for testing; and R&D centres.