Ludhiana Integrated Textile Park (LITP) proposes to demand special economic zone (SEZ) status after fulfilling eligibility conditions, said Managing Director Vinod Thapar.
The first part of the Rs1,800-crore park is likely to be ended by March 31, 2007.
The LITP has formed partnership with Punjab National Bank and the State Bank of India. A few companies from Ludhiana and Delhi have also promised to set shop in the park.
Within six months, the park authority would declare prices and launch a website, said Thapar.
Total investment from the companies would be around Rs1800 crore, of which Rs40 crore would be provided by Centre and the rest would be raised by entrepreneurs.
The park to spread over 150 acres will have around 125-150 textile units and is expected to generate 80,000 jobs.
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