Integrated Processing Development Scheme

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Textile ministry to introduce venture capital fund to support start-up entrepreneurs

YarnsandFibers News Bureau

Related Keywords: initial fund of 35 crore, Integrated Processing Development Scheme, integrated textile parks, launch, Minister of state for textiles, Santosh Gangwar, SIDBI, start up entrepreneurs, Tex-Venture Capital fund, textile ministry of India, venture capital fund

Minister of State (Independent Charge) for Textiles, Santosh Gangwar, at the annual conference of State textiles ministers held yesterday announced that the Textile Ministry plans to launch a venture capital fund with an initial corpus of Rs.35 crore in association with the Small Industries Development Bank of India (SIDBI) to support start-up entrepreneurs in the sector.

Integrated processing development scheme (IPDS) launched

YarnsandFibers News Bureau

Related Keywords: Brown Field project, Green Field project, Integrated Processing Development Scheme, Textile processing unit

The government has approved the launching of a new Integrated Processing Development Scheme (IPDS) to establish four to six Brown Field projects and three to five Green Field projects with a total cost of Rs. 500 crore to address the environmental issues faced by the textile processing units. The scheme will provide government support for establishing common infrastructure to catalyse private sector investments in the major processing clusters. The scheme parameters envisage Government support limited to 50% of the project cost with ceiling limit of Rs.75 crore.

Surat to get green field textile projects to address environmental issues

YarnsandFibers News Bureau

Related Keywords: Cabinet Committee on Economic Affairs, environmental issues textile processing, Integrated Processing Development Scheme, textile processing units in Pandesara, textile processing units Palsana, textile processing units Sachin, Textile units in surat

The textile city of Surat will soon get a green field and brownfield projects to address the environmental issues faced by the textile processing units in the city. These projects will be implemented under the Integrated Processing Development Scheme (IPDS) approved by the Cabinet Committee on Economic Affairs (CCEA). The IPDS scheme is designed to address the environmental concerns faced by the textile processing units. About Rs500 crore for the project has been approved in the 12th five year plan.

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