NEW DELHI : The Centre, forward of approving proposals for mega textile parks, has requested states to offer a long-term projection for energy tariffs that might be charged at these parks, a authorities official mentioned.
The scheme, referred to as Mega Built-in Textile Area and Attire (PM MITRA), was introduced in Funds 2021 to make the textile trade globally aggressive. It was given a finances of ₹4,445 crore for seven years as much as 2027-28. Seven such parks are because of be accredited. “We’ve virtually finalized the states the place mega textile parks will probably be arrange. However we are attempting to get a number of issues from the states by means of concessions. We are attempting to get states to conform to a greater energy regime. In some states, the price of energy is kind of excessive and we are attempting to get it lowered. They’ve been requested to offer us a long-term roadmap— say 15 years—of the ability tariff that will probably be charged at these textile parks. We’re telling them to chorus from elevating energy costs for 15 years however we’re in search of some form of a projection concerning the identical,” an official mentioned. India’s textile and attire exporters complain {that a} largely fragmented provide chain and better logistics prices push up the price of manufacturing—one purpose export orders have steadily moved to nations comparable to Bangladesh and Vietnam. These mega parks, textile makers say, might assist return textile orders because of a deliberate built-in textiles worth chain—together with spinning, weaving and processing —at a single location. Among the many states which have proven curiosity are Andhra Pradesh, Assam, Gujarat, Madhya Pradesh, Odisha, Rajasthan, Tamil Nadu and Telangana.
“About 13 states had despatched 18 proposals for the textile park. However Punjab didn’t fulfil the factors of offering 1,000 acres of litigation/encumbrance-free land. Madhya Pradesh has despatched 4 proposals, and Maharashtra and Karnataka despatched two every. We are going to more than likely choose just one proposal from every state,” the official added.
Final month, the Punjab authorities scrapped the textile park proposal close to Ludhiana after locals and NGOs claimed the undertaking would trigger water air pollution. CM Bhagwant Mann mentioned the state will would offer another land parcel.
ravi.dutt@livemint.com
Obtain The Mint Information App to get Each day Market Updates.
Extra
Much less
Supply: Live Mint