A textile processing park is coming up in Tamil Nadu for small and medium-scale units. About 50 small and medium units in Salem, Karur, Erode, Tirupur, Coimbatore and Madurai will benefit from the park when it is developed. The state government will extend a 25 per cent capital subsidy while the Union government will give 50 per cent subsidy.
The project was mooted in 2007 and is coming up on 260 acres. Coming up at a total project cost of Rs 500 crores, it will have 10 processing units that will have the capacity to process 200 tons of fabric (knitted and woven) and yarn. Another textile processing park will also come up in Tamil Nadu for larger textile processing units. An advisory committee will be formed for the textile sector in Tamil Nadu. It will play greater role in laying the road map for sustained growth of the textile industry in the state and make it a hub for textile manufacturing.
Tamil Nadu has announced a 15 per cent discount for silk fabric sales. The industry in Tamil Nadu is waiting for a textile policy, which will add to the growth impetus and act as a spur to export performance.