by Punjabnewswire4u
CHANDIGARH, NOV 25
Malwa region of Punjab is all set to become the new textile hub of
south-east Asia. It was disclosed by Mr. Anil
Joshi, Industry and Commerce Minister, Punjab
today while reviewing the progress of Rs.1485 crore textile unit coming up
expeditiously on 350 acre of land in district Muktsar.
He said that Under the new textile policy of Punjab, a Textile Park
having composite Textile Processing units from Cotton to Garment would be setup
with minimum Fixed Capital Investment of Rs.250 crore in the districts of
Bathinda, Mansa, Faridkot, Ferozepur, Mukatsar, Sangrur, Barnala, Taran Taran
and Amritsar is covered under this policy.
He said that with the Operationalization of this unit in Malwa area all
international denim units would procure their denim from this company. He said
that textile industry was the labour intensive industry and with the completion
of Textile Park in the Malwa area there was
possibility of generation of 1 lac jobs.
Mr. Joshil said that 100% power at doorstep with the facility of Power Grid
at the cost of the unit in the textile park was the main attraction of the
policy. He said that however setting up of their own power plant would be
allowed for self consumption.
Mr. Joshi said that courses for the skills required by the Park would be
allowed to be introduced in the nearest Industrial Training Institutes. He said
that each unit setup within the Park will get all the above benefits.
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