Tamil Nadu Electricity Minister V. Senthil Balaji has said that the State Government has accepted eight more proposals submitted by entrepreneurs to establish mini textile parks in the Karur district.
Alongside Minister for Textiles and Handlooms R. Gandhi, Senthil Balaji also inaugurated a mini textile park in Kullampatti that was established by three entrepreneurs under the Tamil Nadu Mini Textile Park Scheme. The entrepreneurs claimed to have spent US $ 678, 000 (Rs. 5.9 crore) on the park. The State Government would give the entrepreneurs grants of US $ 253,000 (Rs. 2.2 crore) of the total expenditure. Of this, US $ 152, 000 (Rs. 1.32 crore) had already been released. The scheme was aimed at shouldering a portion of expenditure for establishing mini parks.
Additionally, in a week to ten days, the Tamil Nadu Government would unveil a “enriched textile policy,” R. Gandhi informed.
The Government has received 100 applications for mini textile parks and has authorised 17 of them so far, including the ones located in Karur he added, launching a five-day entrepreneurship development programme for entrepreneurs in technical textiles.
In an effort to draw in investment, the state administration loosened regulations for mini textile parks and eliminated the cotton market cess in 2021. Each candidate for the entrepreneurship training received US $ 115 (Rs. 10,000) from the Central Government and US $ 58 (₹5,000) from the State Government.
Additionally, the Government would provide US $ 1.15 million (Rs. 10 crore) this year as an interest subsidy to upgrade spinning mills. Powerloom units would also benefit from measures that will be revealed soon, said Gandhi.
The State Government has expanded the number of free electricity units for power loom and handloom units, added Senthil Balaji.
Gandhi and Senthil Balaji also opened a shared facility hub for handloom weavers in Velusamypuram. Establishing the facility on a 2,430 square foot plot of land cost US $ 53,000 (Rs. 45.89 lakh).
