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Tamil Nadu approves proposal to set up eight mini textile parks in Karur

 

The state government has approved eight additional proposals from entrepreneurs to establish mini textile parks in the Karur district, according to V Senthilbalaji, Electricity Minister.

Inaugurating a mini textile park in Kullampatti, alongside R Gandhi, Minister for Textiles and Handlooms, Senthilbalaji stated, a group of three entrepreneurs invested Rs 59 million ($710,000 approx.) in the project under the Tamil Nadu Mini Textile Park Scheme. Of the total expenditure, the state government will provide Rs 22 million ($265,000 approx.) in grants to the entrepreneurs. Of this amount, Rs 13.2 million ($160,000 approx.) has already been disbursed. The scheme is designed to share a portion of the costs associated with establishing these mini parks.

The state received ten more mini textile park proposals from Karur. Of those, eight have been approved, and the entrepreneurs have begun construction. Under the scheme, the state will cover 50 per cent of the expenses for establishing common facilities, infrastructure, and factory buildings. The maximum grant will be Rs 25 million ($300,000 approx.) for each park.

Later, Senthilbalaji and Gandhi inaugurated a common facility center in Velusamypuram, intended to benefit handloom weavers. A total of Rs 4.589 million ($55,000 approx.) was spent to establish the facility on a 2,430 sq ft site.

 
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