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Related Keywords: adopting modern technology, conventional treatment system, five hundred crore, government of India has earmarked, implement IPDS, pattern of funding scheme, PPP mode, SPV, Textile Industry, to meet required environmental standard, zero liquid discharge

The government of India, under the 12th five year plan has earmarked sum of Rs500 crore for the textile industry to meet the required environmental standards by adopting modern technology, Lok Sabha was informed today.

The Ministry of Textiles, Government of India will be implementing an Integrated Processing Development Scheme (IPDS) in public private partnership (PPP) mode by Special Purpose Vehicle (SPV), which will be a corporate body registered under the Companies Act, Textiles minister Santosh Kumar Gangwar said responding to questions in the House.

Related Keywords: DPRs, Group of Entrepreneurs, Industry Associations, Integrated textile park, plants and machinery, Project Management Consultants, proposal, Scheme for Integrated Textiles Park, SPV

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).