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Tamil Nadu announces schemes to aid textile growth

Tamil Nadu's textile sector will get a boost from a series of schemes and programs announced by chief minister J Jayalalitha. This state will extend financial support of up to Rs 2.50 crore to entrepreneurs who come forward to set up integrated textile parks. A State Textiles Consultative Committee would strive to aid the growth of the industry and strengthen hand and power loom, yarn and apparel.

A special 15 per cent discount for silk clothing would be given to further drive sales and bring down inventory with cooperative weavers’ societies and it would entail an additional expenditure of Rs 10 crores.

The state would set up a consultative panel to achieve integrated development. Tamil Nadu has also announced schemes with a subsidy support to the tune of Rs 22.55 crores, including a project to cultivate high yielding mulberry varieties in 5,000 acres by giving a subsidy of Rs 5.25 crores. Under the Centre’s scheme for integrated textile parks, 14 textile parks have been allocated for the state. Also, under the scheme for integrated textile processing development of the center, the state government would give financial support up to 25 per cent in the project estimate for textile industries.

 
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