Chief Minister K Chandrasekhar Rao to lay stone for mega textile park on August 16
By Anil Kumar | Express News Service | Published: 13th August 2017 08:07 AM |
WARANGAL: Decks have been cleared for the launch of much-awaited Rs 1,150 crore Integrated Textile Park, proposed to be set up between Geesukonda and Sangem mandals of Warangal (Rural) district. Chief Minister K Chandrasekhar Rao will lay the foundation stone for the mega textile park on August 16.
Infrastructure Leasing & Financial Services company, which was entrusted with the task of preparing Detailed Project Report(DPR) for the project, reportedly readied the DPR. The DPR would be submitted to the state government, soon. The project already got much needed environmental clearance last month itself.
Coming up on a sprawling 1,190 acre campus, the mega Textile Park is expected to attract investments to the tune of Rs 11,500 crore and provide direct or indirect employment to 1.13 lakh people. Although the project has been in the pipeline for many years, it was finally given a push by the present government. The proposed textile park would have Fibre to Fabric (end-to-end) facility, with ginning, spinning, weaving, processing and garmenting processes.
While textile parks in different parts of the country are engaged in manufacturing specific categories of garments, the park in Warangal will cover all segments. The state government has plans to connect all the spinning units both handlooms and power looms to the textile park.
Warangal produces huge quantities of cotton
Telangana produces 60 lakh bales of cotton, but the consumption by the local mills is just around 10 lakh bales. The surplus is offloaded in States such as Tamil Nadu and other neighbouring states.
District officials are interacting with the members of Warangal Chamber of Commerce on the proposed textile park and explaining them the advantage of setting up units in the textile park. The officials are assuring to provide all the necessary permissions in the shortest possible time to the investors.
Director of handlooms and textiles Shailaja Ramaiyer, during her visit to the city held discussions with textile industries representatives and assured them that they would be provided incentives to develop their units in the park. Even industries minister KT Rama Rao is promoting textile park.
Warangal, which produces a large quantities of cotton and has number of spinning mills, is expected to get boost with the set up of this mega textile park. Leading textile mills are expected to set up their anchor units in the textile park. The park is expected to be ready in a period of nine to 12 months and the textile units are likely to start production there after.
Chennai based PSG and Department of Handlooms and Textiles and Apparel Export Parks had inked an agreement, with the former undertaking to provide technical assistance in skill development and training and R&D support for technological upgradation.
33 spinning mills in TS
The park to come up on 1,190 acres
Total project cost Rs 1,150 crore
To attract investments to the tune of F11, 500 crore and provide direct or indirect employment to 1.13 lakh people
Obtained environmental clearances
TS produces 60 lakh bales of cotton
Consumption by local mills around 10 lakh bales
About 10 lakh bales produced in erstwhile Warangal alone
33 spinning mills operating in TS with 20 lakh spindler capacity
How TS will benefit?
Around four to five lakh workers migrated to Solapur, Bhiwandi to work on looms there
The state is expecting reverse migration of the migrated loom-workers
Cotton farmers in the state will find remunerative prices, once the consumption increased within state
TS is expecting huge investments from outside the state
The farmers, workers and merchants will find work and revival rural economy