shine india magazine

shine india magazine

shine india magazine Published this article page no  84 SCHEME FOR INTEGRATED TEXTILE PARK Why in news? Ministry of textiles is planning to overhaul the Scheme for Integrated Textile Parks (SITP) by setting up Mega Textile Parks to attract higher foreign investment in the textile sector. Objective Salient Features  To provide the industry with world class state of the art infrastructure facilities for setting up their textile units.  To facilitate textile units to meet international environmental and social standards.  To mobilize private investment in the textile sector and generate fresh employment opportunities.  It was launched by merging two schemes namely Apparel Parks for Exports Scheme (APES) and the Centre Infrastructure Development Scheme (TCIDS) in 2005.  It was launched to encourage private investments and employment generation in textile sector.  The scheme targets industrial clusters  locations with high growth potential which require strategic interventions by way of providing worldclass infrastructure support.  Public Private Partnership mode is followed to setup Integrated Textile Parks (ITPs). Industry Associations Groups of Entrepreneurs and Agencies of the State Governments are the main promoters.  It is a demand driven scheme in which the prospective entrepreneurs can send their proposals to the Government after completion of stipulated conditions as per guidelines shine india magazine buy.


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