A new state of the art textile park and the first of the 40 proposed to be set up across the country, by the textile ministry, is planned to be set up in Cuddalore in Tamil Nadu at an investment of Rs 5 billion and is likely to generate 5,000 jobs.
This was revealed by the President of the South India Mills Association (SIMA), Mr Thulasitharan, after meeting the Union Textile Minister, Mr Dayanidhi Maran, along with a delegation of SIMA members in Chennai.
The textile park which will also have a 15 mega watt power plant was proposed to be set up earlier, but owing to then economic situation and because clearances from the Union environment and forest ministry would consume time, the project was given up.
Fibre2fashion News Desk - India
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