Textile Industry

Govt To Support Environmental Standards In Textile Industry

Textile IndustryThe centre, under the 12th five year plan has earmarked sum of Rs 500 crore for the textile industry to meet the required environmental standards by adopting modern technology, Lok Sabha was informed today.

The textile ministry will be implementing an Integrated Processing Development Scheme (IPDS) in public private partnership (PPP) mode by Special Purpose Vehicle (SPV), which will be a corporate body registered under the Companies Act, textiles minister, Santosh Kumar Gangwar said replying to questions in the House.

Under the scheme the funding pattern sees sharing of funds between the centre, state governments and SPV in the ratio of 50:25:25 respectively.

The union government will provide support limit to 50 per cent of the project cost with a ceiling of Rs 75 crore for projects with Zero Liquid Discharge and Rs 10 crore for projects with conventional treatment systems.

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