Proposals Sought for Textile Park in Vizag

The Government of India has invited proposals from the Industry Associations, Group of

VISAKHAPATNAM: The Government of India 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, the Director of Handloom and Textiles and Development Commissioner of Apparel Exports Parks, Hyderabad, informed Visakhapatnam collector 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 estimated investment on plant and machinery should be about `200 to `250 crore.

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. For guidelines, one can visit the website: www.texmin.nic.in