The textile ministry has acknowledged The Palladam Hi-Tech Weaving Park (PHWP) as the best, performance-wise among the 70-odd parks in the country at a function held in Surat recently.
The PHWP bagged the ‘Best National Park Award’ under the Scheme for Integrated Textile Parks (SITP) in the country. 
Chairman and managing director of PHWP, M Senthilkumar said that the park is fully geared to produce higher value-added items like made up textiles and readymade garments.
In a press statement, he said PHWP would soon become a bench marking centre for the production of high value-added items, including technical textiles. The total built up area of the park is 7 lakh sq feet. 400 shuttleless looms are operational in the park at present, and the total investment till date is estimated at over Rs 360 crore, Senthilkumar said.