The Palladam Hi-tech Weaving Park (PHWP), Palladam was the first park to be developed under the Scheme for Integrated Textile Parks (SITP) of Ministry of Textiles by availing 40 per cent grant from Central Government and 9 per cent grant from the State Government.
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The Ministry of Textiles (MoT) had launched a scheme for Integrated Textile Parks (SITP) in 2005 to provide the industry with state-of-the-art world-class infrastructure facilities for setting up of the textile units.
The Ministry of Textiles (MoT) has launched Scheme for Integrated Textile Parks (SITP) in the year 2005 to provide the industry with state-of-the-art world-class infrastructure facilities for setting up of the textile units. The scheme provides 40 per cent of the project cost subject to a ceiling of Rs 40 crore for establishing the park. About 70 textile parks have been benefited out the scheme.