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Tamil Nadu plans setting up mini textile parks

Mini textile parks are being planned in Tamil Nadu. For each park, the state will provide 50 per cent of the cost to create roads, a sewage treatment plant and a captive power plant or Rs 2.5 crores as subsidy. Ten entrepreneurs could form a cluster and set up a mini-textile park on 10 acres after registering a special purpose vehicle. The entrepreneurs should buy the land on their own and establish a minimum of ten work sheds in the park to get the subsidy.

The total investment on buildings and machineries should be more than two times the amount spent for creating such facilities. The textile parks are expected to help improve the standards of living of handloom and power loom weavers in each district. Entrepreneurs should open a bank account in a nationalised bank in the name of the park. The subsidy will be released in three installments and the entrepreneurs should produce all necessary documents at the time of release of each installment.

The Director of Handloom and Textiles will monitor the progress of the work regularly. Discussions with entrepreneurs have already been initiated. Tamil Nadu accounts for nearly 30 per cent of the country’s handloom textiles production and 50 per cent of exports.