New Delhi, Oct 31 (KNN) The government has approved the launching of a new Integrated Processing Development Scheme (IPDS) at a total cost of Rs 500 crore during the 12th Five Year Plan.
The decision was taken at a meeting of the Cabinet Committee on Economic Affairs here today.
The Committee has also approved the establishment of four to six brown field projects and three to five green field projects to address the environmental issues faced by textile processing units, according to an official notification.
Eligible projects under the scheme would cover Common Effluent Treatment Plant (CETP); Captive power generation on technology preferably renewable/green technology; Infrastructure such as storm water management, necessary roads and pipelines for water and wastewater; and Facility for testing and R&D centres.
The scheme will help textiles industry to become globally competitive using environmentally friendly processing standards and technology and create new processing parks.
Further, it will support the upgradation of existing processing clusters/centres specifically in the area of water and waste water management.
Significantly, it will also encourage research and development work in the textiles processing sector.