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Textile parks will attract Rs 30,000 crore investment in India

Textile Minister Santosh Gangwar says the parks will generate employment for 1.1 million people

BS Reporter Ahmedabad
Textile parks set up under the Scheme for Integrate Textile Park (SITP) will attract investment of Rs 30,000 crore and will generate employment for nearly 1.1 million people in India, said Santosh Gangwar, Union minister of state for textile, at a national workshop for textiles in Surat on Friday. A two-day workshop was organised by ministry of textile in Surat to showcase the textile parks development. SITP aims to provide infrastructure support, which is critical for making textile manufacturing industry globally competitive.  Gangwar said, “Once the park is operational, it is expected to attract investment of Rs 30,000 crore and generate employment for 1.1 million people. Government would set up 8 to 10 more parks in the 12th five year plan. These parks will be catalytic in realising ‘Make in India’ vision of Prime Minister.”

He announced approval of 20 new parks during previous seven months, bringing the total number of parks approved under the scheme of 70. The minister urged state governments and the industry to work in unison to make India a global leader in textile manufacturing.

 

 

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First Published: Apr 10 2015 | 10:24 PM IST

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