New Delhi, Mar 7 : The Cabinet Committee on Economic Affairs today gave its approval to the continuation of the Scheme for Integrated Textiles Parks (SITP) in the Eleventh Five Year Plan.
It also sanctioned 10 new parks under SITP
The CCEA decided to continue the existing norms for release of Government support.
Development of additional textiles parks will facilitate additional investment, employment generation and increase in textile production.
As per the target for the Tenth Five year Plan, 30 Textiles Projects have been approved with an estimated project cost of Rs.2893.42 crore of which the government assistance under the scheme would be Rs.1054.76 crore.