Tamil Nadu chief minister J. Jayalalithaa has announced that the State Industries Promotion Corporation of Tamil Nadu (SIPCOT) will be setting an integrated textile processing park at a cost of INR 150 crore in Thiruvadanai at Ramanathapuram district.
Thirty textile-related companies would come up in the 224-acre textile park at an estimated expenditure of Rs450 crore, giving direct employment to 6,000 people. It would also have one crore litre capacity desalination plant to meet the water requirements.
The project facilitated by Tamil Nadu Industrial Development Corporation will be funded by a central grant of Rs70 crore, focus product scheme assistance of Rs40 crore and State Government and State Industries Promotion Corporation funding of Rs40 crore, chief minister said.
