Textile park at Virudhunagar to attract ₹10,000 crore investment

A textile park coming up on 1,053 crore at Virudhunagar will attract ₹10,000 crore investment, said R. Gandhi, Minister for Handlooms and Textiles.

Speaking at the inaugural of two-day International Textile Conference 360, organised in Coimbatore by the Tamil Nadu government and the Confederation of Indian Industry, the Minister said the Prime Minister Mega Integrated Textile Regions and Apparel Parks (PM MITRA) at Virudhunagar on 1,053 acres will have common infrastructure developed at ₹1,894 crore.

A. Catherine Saranya, Executive Director of the State Industries Promotion Corporation of Tamil Nadu (SIPCOT), said at a roadshow organised on Thursday as a part of the conference, that common infrastructure, including roads, storm water drains, street lights, and five million litres a day treatment plant will come up at ₹364 crore in the first phase. The land available for industrial development will be 600.83 acres and space is earmarked for spinning, garmenting, textile processing, knitting and technical textile units. There will be 20 MW solar energy plant, 10,000-bedded dormitory, Centre of Excellence, product display area, and skill development centre. “We are building an eco system for logistics,” she said.

The industry representatives pointed out that the land and power costs were areas of concern and there is a need for policy consistency. Ms. Saranya said the SIPCOT is mulling measures to see if it can be a power distributor so that the industries get power at a lower price.