| The proposed integrated water supply project will be implemented on the public-private partnership (PPP) model. |
| The agreement was signed by Kuldeep Ranka, managing director, RIICO, and L Krishnan, chief executive officer, IL&FS. |
| The SPV will cater to the industrial requirements of the textile park being developed by RIICO at Soniyana village near Bhilwara-Chittorgarh border and also to existing industries in Bhilwara in Rajasthan. |
| The project will serve two broad objectives "" transmission of water to industrial customers and to establish a 'common effluent treatment plant'. |
| Speaking on the occasion, state industries minister Narpat Singh Rajvi said: "The proposed water supply project further strengthens the state's image as a state with unique practices of water conservation and utilisation. Bhilwara has emerged as one of the largest centres for manufacturing synthetic suiting and has around 13,000 looms. The poor availability of water in the Bhilwara""Chittorgarh area was a major hindrance to the growth of the textile sector in the region. This project will help the textile sector to grow in an eco-friendly way. Rajasthan is already doing many infrastructure projects in the PPP mode". |
| Sunil Arora, chairman, RIICO said the project would help in bringing new investment in the state. |
| Sameer Vyas, managing director, IL&FS Water Company Ltd said: "We are delighted to partner with RIICO in developing, financing and implementing the project. The project will have a positive impact on the growth of various industries here. We have considerable experience in infrastructure-based PPP projects. We look forward to a long and steady association with RIICO." |
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