The proposal for providing subsidy of up to Rs. 90 million to all the textile parks to be established in the south Indian State of Tamil Nadu under a consolidated scheme has been approved by the State Chief Minister J Jayalalithaa.
The Chief Minister has approved the proposal with a view to help the State’s textile industry attract more investments, which, in turn, would lead to higher employment generation.
The Jayalalithaa government has been taking several steps to uplift the State’s textile industry by way of introducing several new technologies and innovative ideas.
A consolidated textile park scheme, aimed at ensuring development of the State textile industry through establishment of new parks and attracting new investments, is in existence since 2005.
According to an official release, the CM has given her approval for providing subsidies up to a maximum of Rs. 90 million to the textile parks to further intensify their development, and has also directed establishment of a monitoring committee to oversee implementation of the same.
Read entire post Tamil Nadu approves Rs 90 million subsidy for textile parks @ Fibre2fashion
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