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Telengana interested in mega textile parks

Oct 13, 2021
Telengana interested in mega textile parks

According to the Ministry of Textiles, Telangana is among the few States to show interest in the setting up of PM MITRA parks. The Central government has approved seven such parks with an outlay of Rs 44.45 billion, which would be set up over a period of five years, so that the States could attract FDI and local investment in the sector. 

The parks will be set up at greenfield/brownfield sites and their infrastructure includes an incubation centre, plug and play facility, developed factory sites, roads, power, water and waste-water system, common processing house, testing centres, workers’ hostels, logistics park, warehousing, and medical, training and skill development facilities. 

If the Centre gives the nod for establishing one of the parks in Telangana, it would create thousands of job employment opportunities for locals. At present, the textile and apparel parks are located in Warangal and Sircilla.

Textile giants like Youngone Corporation, Kitex Group, Gokaldas Images Private Limited, Welspun Group and Ganesha Ecosphere have already come forward to establish their textile and apparel parks, weaving units and other related manufacturing centres in the State.

These parks will be set up at greenfield/brownfield sites and their infrastructure includes an incubation centre, plug and play facility, developed factory sites, roads, power, water and waste-water system, common processing house, testing centres etc.

Image: The New Indian Express

Image Source: Google Images

Also Read:

https://indiantextilejournal.com/latest-textile-industry-news/govt-notifies-textile-products-under-pli-scheme

https://indiantextilejournal.com/latest-textile-industry-news/govt-approves-7-mitra-parks-with-rs-4-445-cr-outlay-