Surat is the hub for manmade fabrics. Now it has become a hub for textile parks as well. In the last six years, around eight textile parks have become operational. Their yearly production of yarn, fabrics and garments is pegged at Rs 3,364 crores. These parks have generated direct and indirect employment opportunities for more than 21,000 people.

The Gujarat Eco Textile Park at Palsana leads in production with value of fabrics, shirting, saris, denim synthetic textiles pegged at Rs 1,396 crores per annum. Around 70 textile parks spread across 16 states have been approved as on March 2015 with a total cost of Rs 7,100 crores. Out of the 70 parks, 30 parks are functional—most of which are in Gujarat, Maharashtra and Tamil Nadu.

About 20 more textile parks have been sanctioned, with a focus on north-eastern states like Manipur, Meghalaya and Assam. The textile ministry provides a grant to the extent of 40 per cent of the cost of basic infrastructure, common facilities and factory buildings subject to a ceiling of Rs 40 crores for each park. The balance project cost is to be mobilized by the special purpose vehicle through equity and debt funding.