Integrated textile park is in the pipeline at Satlapur in Raisen district of Madhya Pradesh (MP) under the aegis of Madhya Pradesh State Industrial Development Corporation (MPSIDC).
The Corporation follows the example of Parks set up in Gujarat, Maharashtra, Tamil Nadu and Rajasthan.
Infrastructure Leasing & Financial Services (IL&FS), consultant for this project, is conducting feasibility survey, which will be sent to the Project Approval Committee (PAC) of the Textile Ministry for its approval.
This park will help further in achieving textile and clothing export target of $50 billion by 2010, and therefore, government plans to create such 25 textile parks of international standards at potential growth centres by 2007-08.
Some textile firms have shown interest in investing about Rs2,500 crore in the Park.
Proposals for investment in this park have already been received from Nahar Spinning Mills, Anant Spinning Mills and few other companies, said Raghav Chandra, Managing Director, MPSIDC.
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