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Related Keywords: CUTM, handloom products, IDCO, incubation centre, Integrated textile park, manufacturing textile, NIFT, skill development, state of Odisha, technology upgradation

The Government has decided to develop an integrated textile park during the current plan period and set up an incubation centre in the campus of National Institute of Fashion Technology (NIFT) to provide common services and facilities required for manufacturing textile and handloom products.

The decision was taken recently when Union Secretary of Textiles Sanjay Kumar Panda was on a visit to the State of Odisha.

Related Keywords: Scheme for Integrated Textile Parks, state of Odisha, state-of-the art infrastructural facilities, Textile Park, textile unit, Union Ministry of Textile

The state government has recently received a letter from the Union Ministry of Textiles seeking proposals for development of Textile Parks which the state was aiming to set up at least two textile parks under the Scheme for Integrated Textile Parks (SITP) of Union government during the 12th Five Year Plan. Under this scheme, the government provides grant or equity limited to 40 percent of the project cost, subject to a ceiling of Rs 40 cr.