The Government of India plans to set up an Integrated Textile Park in Visakhapatnam. The cost of the park is estimated to the tune of about Rs.200 to 250 crore on plants and machinery.

In this regard, Government has invited proposals from the Industry Associations, Group of Entrepreneurs or Special Purpose Vehicles (SPVs) for setting up an Integrated Textile Park under the Scheme for Integrated Textiles Park (SITP) during the remaining part of the 12th Five Year Plan (2012-2017).

According to the Central government proceedings, Visakhapatnam collector has been informed by the Director of Handloom and Textiles and Development Commissioner of Apparel Exports Parks, Hyderabad, to contact the prospective investors and entrepreneurs in the district to set up the ITP and submit the detailed project reports through Project Management Consultants.

The general manager of district industries centre-Visakhapatnam, has directed the prospective investors and entrepreneurs to submit the DPRs through the Project Management Consultants to ‘RK Srivastava, Under Secretary ( SITP), Ministry of Textiles, 339-B Udyog Bhavan, New Delhi’, by July 7.

The prospective investors and entrepreneurs can visit the website: www.texmin.nic.in for any further guidelines on this subject.