The Union textiles ministry on 16 September 2005
signed an MoU for the implementation of an integrated textiles
park scheme in India.
The scheme involves setting up of 25 world-class
textile parks covering all sub-sectors of the textiles industry, over the next
two years.
The objective of the scheme would be to attract
additional investment (by resident units) to the tune of Rs.7,500 crore
resulting in additional production (and exports) of Rs.20,000 crore per year.
Each park would cost around Rs.100 crore, out of
which the Centre will contribute 40 per cent (or around Rs.40 crore.)
The parks will be developed through
project-specific SPVs in association with private sector entrepreneurs.
Infrastructure Leasing & Financial Services, as the nominated project
consultant, will assist the implementation of
the overall scheme.